6617 Odana Rd Madison, WI 53719
- Turn key restaurants
- 35,133 SF
- 4.53 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 6617 Odana Rd
- Year built
- 1982
- Lot size
- 4.53 lot acres
- Property size
- 35,133 SF
- Zone code
- CC
- Property type
- Turn key restaurants
- APN
- 0708-252-0702-4
- APU
- 70825207024
Description
This exceptional 9,687-square-foot turnkey restaurant and bar space is available for lease in Dane County, Wisconsin. Previously operating as the Twist Bar & Grill within the Radisson Hotel, this property is now ready for a new operator. The space boasts a fully equipped kitchen featuring two large hoods and walk-in coolers, perfect for a variety of culinary concepts. A striking curved bar is also included, adding to the existing high-quality fixtures and equipment (FF&E). The property's prime location on Odana Road offers unparalleled convenience and visibility, situated minutes from the West Towne Mall, numerous retail and office buildings, and a large residential complex. This provides immediate access to a substantial customer base. The building's previous use as a well-established restaurant and bar ensures a smooth transition for a new tenant. The current owners are open to considering non-restaurant concepts as well, making this a versatile opportunity for a wide range of businesses. This single-tenant space presents a unique chance to establish a thriving enterprise in a high-traffic area with existing infrastructure and a built-in customer base. The property's size and amenities make it ideal for a large-scale operation or a concept requiring significant space and equipment. The location's proximity to major retail and residential areas guarantees high visibility and foot traffic.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,400,000
- 6.5%
- $6,525,000
- 7%
- $5,825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,930,000
- Geo Method
- $6,885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,475,000
- Retail
- $5,445,000
- Mixed-Use
- $5,210,000
- Hospitality
- $5,885,000
- Educational
- $5,395,000
- Residential Income
- $5,135,000
- Energy
- $6,525,000
- Income-Based Land
- $6,055,000
- Food Service
- $5,810,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4961
- Latitude
- 43.0547
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA