Current Use by Public Records
- Specialty properties
Property Details for 5264 Verona Rd
- Year built
- 1972
- Lot size
- 1.21 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional mixed-use property, located at 5264 Verona Rd in Fitchburg, WI, presents a unique investment opportunity. The 9,975 square foot building, constructed in 1972 and extensively renovated in 2015 by Supreme Structures of Madison, boasts a prime location with over 50,000 vehicles passing daily. The property features a fully sprinkler-protected interior, a new roof still under warranty, and two high-temperature furnaces along with a new dehumidifier unit. Previously operating as a high-intensity training center and event space, this versatile building is zoned G2 and sits on a 1.206-acre lot, offering ample parking. The floor plan is available upon request. The asking price is $2,000,000 ($200.50/sq ft), and the property is eligible for a 1031 exchange. The building is also available for lease. The business is not included in the sale. This property is situated within a Tax Increment Financing (TIF) district, offering potential tax advantages (documentation available). Its adaptable design makes it suitable for various uses, including a restaurant, easily capitalizing on its high visibility and convenient location. This is a rare chance to acquire a well-maintained, high-traffic commercial property in a thriving Dane County location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fitchburg
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4714
- Latitude
- 43.0208
