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3840 Douglas Ave
Racine, WI 53402

Land For Sale · 1.60 AC

Investment Highlights

  • Located in the Hub of North Racine's Business District
  • Daily Traffic Count 16,800 (*wisdot)
  • Highly Visible Location

Executive Summary

Located in the Hub of North Racine's Business District. Approximately1.60 Acres with Frontage of 173 ' on Douglas Ave. Zoned B-2. Owner may Consider Ground Lease.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Conditions
Ground Lease Sold
  • Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Restaurant
Total Lot Size 1.60 AC

1 Lot Available

Lot

Price £625,663
Price Per AC £391,040
Lot Size 1.60 AC

The Site offers approximately 1.60 Acres with a frontage on Douglas Ave of approximately 173'.

Description

1.60+- Acres Being Offered For Sale as a Development Site - Zoned Appropriately Ideal for many types of Businesses under the B-2 Zoning. Located in the Hub of North Racine's Business District with estimated Traffic Count of 16,800 Vehicles Per Day (WIDOT). The existing approximately 5,600 sq ft building has been the home of a locally renowned Italian Restaurant/Pizzeria for over 4 decades. Retirement brings this Site to Market! Turn Key Italian Pizzeria Restaurant (Dine-In, Carry Out) and Bar Operation, Fixtures and Equipment Available on a Separate Bill of Sale! Owner may consider Ground Lease.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
276-000021249004
Land Assessment
£161,743
Improvements Assessment
£275,485
Total Assessment
£437,228

zoning

Zoning Code B-2
B-2
  • Listing ID: 25582277

  • Date on Market: 14/12/2020

  • Last Updated:

  • Address: 3840 Douglas Ave, Racine, WI 53402

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