Interesting Development Deal in Cedarburg, WI

[Dave Carpenter]

I can across a property right down the street from where I live that is interesting, but out of my area of experience. Wanted to throw it out to the community as well as get thoughts from those of you who have developed property. Here are some of the basics.

-3.4 acre lot on a small creek within a half mile of one of those cute small downtown areas. 

-Currently has an old, beat up 2000sqft house built in 1900 on part of the property. 

-Property is zoned such that you could build 5.2 houses per acre, but based on flood zone, could realistically only put a few 3-5 homes on the property.

-in a B+ or better neighborhood and in a great community with very very strong schools.

curious on ideas/interest from those of you that have development experience in Ozaukee County. 

I'd love to do something with it, but don't have the money or experience to go it alone. I live about 2 blocks away, and would be glad to have a conversation with anyone that may be more equipped for this deal. I have spoken with the selling agent and have some maps that show flood planes, etc.

Let me know what you all think!