2969 Cahill MainFitchburg, WI 53711

Property Details for 2969 Cahill Main

Lot size

3.70 AC

Property type

Commercial real estate

APN

0609-033-4155-2

APU

60903341552

Description

This exceptional 6,000-square-foot restaurant space is available for lease within the Wyndham Garden Hotel, located at 2969 Cahill Main, Fitchburg, WI 53711. Previously a restaurant, the space features a renovated kitchen equipped with various appliances including an oven/range, refrigeration units, warming units, a soup warmer, and a pizza oven. While these appliances are present, a thorough inspection is recommended prior to lease commencement. Floor plans, estimated from photographic documentation, are available upon request. The property benefits from a high-traffic location off Fish Hatchery Road, with convenient proximity to a bus stop. The surrounding community is experiencing growth, and the Wyndham Garden Hotel itself is slated for renovation within the next year. This presents a significant opportunity for a restaurant business, with the potential to cater to hotel guests and participate in planned hotel events. The hotel's substantial occupancy provides a built-in customer base. This space is ideal for both start-up and expanding restaurant ventures. Showings are by appointment only

• CAP approach

  CAP return

  Valuation

  6%

  $32,990,700

  6.5%

  $30,453,000

  7%

  $28,277,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,367,200

  Geo Method

  $20,998,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $61,870,000

  Retail / Commercial

  $31,351,700

  Mixed-Use / Specialty

  $30,944,500

  Hospitality / Lodging

  $22,318,400

  Office

  $30,453,000

  Institutional / Educational

  $32,064,200

  Residential Income

  $37,515,200

  Multifamily

  $46,631,400

  Automotive / Energy

  $27,483,600

  Parking / Income-Based Land

  $9,776,140

  Restaurant / Food Service

  $15,464,000

  Healthcare / Senior Housing

  $32,036,000

Location Insight

City

Fitchburg

County

Dane

State

Wisconsin

Latitude

43.017

Longitude

-89.4245

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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