Property profile

6617 Odana Rd Madison, WI 53719

OFF-MARKET
Turn key restaurants
Property ID
US92-0965445
35,133 SF 4.53 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Total area 35,133 SF
Lot 4.53 ac (197,386 SF)
Zoning code CC
APN 0708-252-0702-4
UPID US92-0965445

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6617 Odana Rd Madison, WI 53719-1011
Madison metro Census 408 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.66M
Blend (final) Blend
$7.33M

Owner & transaction history

since 2023
Last sale
$6.3M
4 recorded transactions
2023
$6.3M
2022
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Madison, WI
Zoning description

TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6617 Odana Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message