6617 Odana RdMadison, WI 53719

Property Details for 6617 Odana Rd

Year built

1982

Lot size

4.53 AC

Property size (Sq ft)

35,133 SF

Zone code

CC

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,325,210

  6.5%

  $8,607,886

  7%

  $7,993,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,988,371

  Geo Method

  $11,531,705

• Alternative Use

  Use

  Valuation

  Residential

  $7,261,074

  Hospitality

  $6,651,104

  Educational

  $5,533,641

  Medical

  $5,723,952

  Retail

  $8,607,886

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0547

Longitude

-89.4961

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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