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Offered by Don Lomax Realty

 

909 Blackstone Avenue - Waukesha WI  53186

Price:                  $1,250,000.00


Location:            909 Blackstone Avenue, Waukesha WI


Description:









Lot Size:



Age:                    Built in 1953 and was extensively remodeled in the 90s.


Parking:              Adequate off street parking on both levels.


Construction:      Brick and Block


Roof:                    Flat rubber, New in October 1997.


Zoning:                M2 - Manufacturing District.


Utilities:




Tenants:               See separate schedule above. 


Remarks:





Options:









Contact:  Don Lomax

Office:  262-549-1949

Cell:  414-254-4057

Fax:  262-968-1933

Email:  don@building-envelop.net

Website:  http://donlomaxrealty.com

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Property is a two story, 25,000 square foot masonry building consisting of 35 modern, attractive offices on the 10,432 SF upper Air Conditioned level divided into 11 offices and suites. The 10,432 SF lower exposed level consists of 3 smaller offices and warehouse space of various sizes. There is also an outside space of 35,000 square feet rented to a trucking outfit for $17,500.00 per year. Also, a 5,000 SF rented on the first level and a 1,036 SF cold storage space on the rear upper level with a loading dock area.

The lot size is 2.3 acres being 390 x 270 irregular, can be expanded, see survey.

City sewer and water, natural gas heat and hot water. Heavy duty 3-phase electrical service. Upper offices heat supplied by 4-roof top A/C units.

Convenient eastern Waukesha location; close proximity to Goerkes Corners and I-94 freeway access. Great opportunity for an owner user, plenty of room for growth and expansion, while tenants pay for expenses. Excellent potential income stream for an investor with a large parcel of land for future expansion.

Owner will sell outright, or exchange for smaller properties, prefer exchange devisable by five. Recommended exchange would be five $100,000.00 building lots and $750,000.00 in cash, or a $100,000.00 single family residential property and a $400,000.00 single family residential property. Seller is a partnership of an eighty percent partner and a twenty percent partner, trying to dissolve the partnership. There are unlimited combinations of properties, which can meet the needs of this partnership. It is possible that the Jr. partner will take Classic cars for his portion of the exchange.