Description
Madison Wisconsin area Multifamily for Sale
BESA --- New Construction Mixed-Use | Receivership Sale | Offers Due August 18
6501 Bridge Road, Monona, WI 53713 | 73,000 SF | 29 Apartments + 16 Live/Work Condominiums
Besa Monona is a rare opportunity to acquire a brand-new, four-story mixed-use development in the heart of Monona --- offered for sale through receivership, with offers due August 18th.
Completed in 2025--2026, the property combines bold brick-and-metal contemporary architecture with approximately 73,000 square feet of total building area above a secure underground parking garage. The offering includes:
29 apartment residences --- studios through two-bedroom units ranging from 400 to 1,200 SF, substantially complete with only minor finishing work remaining. Projected gross annual apartment income of $603,780 (average $2.26/SF/month, broker's opinion), giving a buyer immediate lease-up upside in a market starved for new rental product.
16 live/work condominiums --- flexible units from 906 to 2,530 SF, delivered in ready-to-finish condition with finish packages available (estimated $50,000--$120,000 per unit to complete, broker's opinion). Sell individually at retail, hold as rentals, or a blend of both.
An established commercial anchor --- the street-level commercial condominium is owned and occupied by Affiliated Dentists, open and operating since September 2025, anchoring the building with daytime activity and a proven professional co-owner.
55 secure garage parking stalls with additional street parking
Located minutes from Lake Monona, Wisconsin Capital, downtown Madison, and major commuter routes, Besa Monona offers a buyer the chance to step into a finished, high-quality asset at a basis unavailable to ground-up developers --- with multiple exit strategies from day one.
Offers due August 18th. For the offering package or to schedule a tour, contact Michael Barrett, NAI Madison --- (608) 558-0663 --- michael.barrett@naimadison.com.
All information deemed reliable but not guaranteed. All pricing, rental rates, and financial projections are broker's opinion of value. Square footages, pricing, and availability subject to change without notice.
