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Mixed-Use

Whitney Point Apartments (Phase I) & Potential Mixed-Use Redevelopment Opportunity (Phase II)

5414 Mineral Point Rd, Madison, WI 53705

Listing Price: Request For Offer

Number of Units
48
Occupancy
100.0%
Gross SF
56,769

Investment Overview

Marcus & Millichap is proud to present Whitney Point Apartments, located at 5414 Mineral Point Rd
and 340 South Whitney Way, Madison, WI, as an exceptional investment opportunity in the city’s
thriving west side. This 48-unit multi-family property, completed in 2020 as Phase I of a larger
redevelopment plan, is complemented by an adjacent commercial retail building that presents a
potential Phase II redevelopment. The site can be transformed into a mixed-use community featuring
approximately 150 residential units in total. The concept plans indicate this total includes units spread
across the existing Phase I building and a single new building in Phase II. The conceptual Phase II plan
is targeted to house 100 residential units comfortably. This redevelopment opportunity allows for
integrating first-floor retail spaces to enhance the community's overall functionality, catering to
residents and businesses.

The site benefits from its strategic location at the intersection of two of Madison’s most popular
roadways and is within Madison’s West Area Plan, which designates the property under the
Community Mixed-Used (CMU) category. CMU areas are designed to support an intensive mix of
residential, commercial, and civic uses, offering residents and visitors a walkable environment along
major transit corridors. The CMU designation encourages developments to provide various housing
options alongside retail and service-oriented commercial spaces. These areas are primed for
transit-oriented development, focusing on creating integrated, accessible communities that connect
seamlessly with surrounding neighborhoods. The property’s zoning, CC-T (Commercial Corridor -
Transitional), aligns with these objectives and allows for significant development potential.

In total, as currently contemplated, Phase II will provide approximately 100 residential units, 111,600
square feet of residential space, 8,250 square feet of retail space, and 157 parking stalls over 57,260
square feet. Combined with Phase I, the conceptual redevelopment would potentially encompass
approximately 150 residential units, 157,680 square feet of residential space, 8,250 square feet of
commercial retail space, and 205 parking stalls totaling 72,950 square feet. The first-floor retail
requirement under General Land Use Floor Area (GLFA) guidelines provides an opportunity to create a
versatile retail environment, catering to local needs and enhancing the overall appeal of the
development. This strategic inclusion is expected to improve retail rents and increase the overall
value of the development. Proximity to Garner Park and established office and retail hubs further
bolster the site’s appeal for both residents and businesses. All redevelopment plans for the property
will be subject to review and approval by the City of Madison to ensure compliance with local zoning
regulations and community planning standards.

Investment Highlights

  • Phase I Completed 48 Residential Units, Built In 2020
  • Redevelopment Potential: Phase II Conceptual Plans Offer 100 Additional Residential Units and First-Floor Retail Space
  • Strategic Location at the Intersection of Major Roadways, Mineral Point Road and South Whitney Way, With Access to University Research Park, Garner Park, and Madison Metro BRT

Exclusively Listed By

Mixed-Use

Whitney Point Apartments (Phase I) & Potential Mixed-Use Redevelopment Opportunity (Phase II)

Listing Price: Request For Offer

Number of Units
48
Occupancy
100.0%
Gross SF
56,769

Investment Highlights

  • Phase I Completed 48 Residential Units, Built In 2020
  • Redevelopment Potential: Phase II Conceptual Plans Offer 100 Additional Residential Units and First-Floor Retail Space
  • Strategic Location at the Intersection of Major Roadways, Mineral Point Road and South Whitney Way, With Access to University Research Park, Garner Park, and Madison Metro BRT

Investment Overview

Marcus & Millichap is proud to present Whitney Point Apartments, located at 5414 Mineral Point Rd and 340 South Whitney Way, Madison, WI, as an exceptional investment opportunity in the city’s thriving west side. This 48-unit multi-family property, completed in 2020 as Phase I of a larger redevelopment plan, is complemented by an adjacent commercial retail building that presents a potential Phase II redevelopment. The site can be transformed into a mixed-use community featuring approximately 150 residential units in total. The concept plans indicate this total includes units spread across the existing Phase I building and a single new building in Phase II. The conceptual Phase II plan is targeted to house 100 residential units comfortably. This redevelopment opportunity allows for integrating first-floor retail spaces to enhance the community's overall functionality, catering to residents and businesses. The site benefits from its strategic location at the intersection of two of Madison’s most popular roadways and is within Madison’s West Area Plan, which designates the property under the Community Mixed-Used (CMU) category. CMU areas are designed to support an intensive mix of residential, commercial, and civic uses, offering residents and visitors a walkable environment along major transit corridors. The CMU designation encourages developments to provide various housing options alongside retail and service-oriented commercial spaces. These areas are primed for transit-oriented development, focusing on creating integrated, accessible communities that connect seamlessly with surrounding neighborhoods. The property’s zoning, CC-T (Commercial Corridor - Transitional), aligns with these objectives and allows for significant development potential. In total, as currently contemplated, Phase II will provide approximately 100 residential units, 111,600 square feet of residential space, 8,250 square feet of retail space, and 157 parking stalls over 57,260 square feet. Combined with Phase I, the conceptual redevelopment would potentially encompass approximately 150 residential units, 157,680 square feet of residential space, 8,250 square feet of commercial retail space, and 205 parking stalls totaling 72,950 square feet. The first-floor retail requirement under General Land Use Floor Area (GLFA) guidelines provides an opportunity to create a versatile retail environment, catering to local needs and enhancing the overall appeal of the development. This strategic inclusion is expected to improve retail rents and increase the overall value of the development. Proximity to Garner Park and established office and retail hubs further bolster the site’s appeal for both residents and businesses. All redevelopment plans for the property will be subject to review and approval by the City of Madison to ensure compliance with local zoning regulations and community planning standards.

Exclusively Listed By

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