6204 Nesbitt RdFitchburg, WI 53719

  • Other commercial real estate
  • 0.41 AC
For Sale
$275,000 View listing

Property Details for 6204 Nesbitt Rd

Lot size
0.41 AC
Property type
Other commercial real estate
APN
0609-072-8390-7
APU
60907283907

Description

This exceptional 17,860 square foot mixed-use property, located at 6204 Nesbitt Road in Fitchburg, Wisconsin, presents a compelling investment opportunity. Situated on a 0.41-acre lot (APN 225/0609-072-8390-7), this shopping center is zoned B-G (General Business), offering considerable flexibility for diverse commercial uses. The asking price is $275,000. The property's strategic location benefits from recent highway improvements at Verona Road and Hwy Pd/McKee Road, ensuring easy access and high visibility. Development potential includes approximately 1,500-2,500 square feet of first-floor commercial space, complemented by two two-bedroom apartment units and two single-car garages on the second floor. A variety of commercial uses are permissible, including service retail, office space, live/work units, and medical offices. The lot has been largely cleared, simplifying development. This property is ideally positioned within a rapidly developing area, surrounded by new luxury and senior apartments, and major retailers such as Super Target, Hyvee, the Princeton Club, Aldi, US Cellular, and Kwik Trip. This presents a unique chance to capitalize on the area's growth and create a thriving mixed-use development with commercial space on the ground floor and residential units above.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,691,196
    Hospitality
    $3,381,116
    Educational
    $2,813,048
    Medical
    $2,909,794
    Retail
    $4,375,853
6204 Nesbitt Rd, Fitchburg, Wisconsin

Location Insight

City
Fitchburg
County
Dane
State
Wisconsin
Latitude
43.0122
Longitude
-89.4751
CBSA code
31540
CBSA name
MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,511
$102,500
-
$102,500
-
-
-
$118,500

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