8205 Klevenville-Riley Rd, Verona, WI 53593

Property Details for 8205 Klevenville-Riley Rd

Lot size

0.72 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional Dane County, Wisconsin property presents a unique investment opportunity. Priced at $949,000, this owner-occupied, free-standing establishment combines a historic tavern with a thriving 5,000 square foot event venue. Situated on a 0.721-acre lot at 8205 Klevenville-Riley Rd, Verona, WI 53593, the property features two buildings with two stories and a total of 8,400 square feet. Currently operating at 100% occupancy (until 08/31/2024), the business enjoys a steadily growing cash flow, offering significant potential for increased sales. The tavern itself boasts a cozy, eclectic atmosphere, attracting a loyal local clientele. The adjacent event venue, housed in a converted garage, is gaining popularity for its spectacular views and comfortable setting, perfect for events of all sizes. The property holds a Class B Liquor License, allowing for expansion of event revenue. The recent assessment valued the property at $846,200, reflecting its strong market position in the rapidly growing Verona area, near Madison and the University of Wisconsin-Madison. This location benefits from the robust Dane County economy and its proximity to the Military Ridge Bike Trail, attracting motorcyclists, snowmobilers, and other recreational users. The property's combination of a well-established tavern and a rapidly expanding event venue makes it an attractive investment for owner-users seeking a profitable and established business in a thriving market.

Location Insight

City

Verona

County

Dane

State

Wisconsin

Longitude

-89.6241

Latitude

43.0233