3034 Fish Hatchery RdFitchburg, WI 53713

Property Details for 3034 Fish Hatchery Rd

Lot size

5.45 AC

Property type

Commercial real estate

APN

0609-031-9100-4

APU

60903191004

Description

This exceptional commercial land parcel, totaling 27,125 square feet, presents a unique investment opportunity in the thriving Fitchburg, Wisconsin market. Located at 3034 Fish Hatchery Road, this single-tenant property boasts a highly visible location at a stoplight intersection, ensuring maximum exposure for any development. The site offers excellent visibility and accessibility, with monument signage available facing Fish Hatchery Road. Adding to its appeal, the property benefits from its proximity to a significant residential development. Specifically, 286 new apartments, known as the Vue Apartments, are located within one block, providing a substantial built-in customer base. The property is offered as a ground lease with an annual rent of $125,000. This prime location in Dane County, Wisconsin, with its zip code 53713, offers significant potential for a variety of commercial uses. The property's size and location make it an ideal site for businesses seeking high visibility and convenient access to a growing residential population. The substantial land area provides ample space for development, allowing for flexibility in design and functionality. This is a rare opportunity to acquire a strategically located commercial property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $48,590,200

  6.5%

  $44,852,500

  7%

  $41,648,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,106,300

  Geo Method

  $30,927,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $91,124,800

  Retail / Commercial

  $46,176,200

  Mixed-Use / Specialty

  $45,576,400

  Hospitality / Lodging

  $32,871,500

  Office

  $44,852,500

  Institutional / Educational

  $47,225,600

  Residential Income

  $55,254,000

  Multifamily

  $68,680,800

  Automotive / Energy

  $40,479,100

  Parking / Income-Based Land

  $14,398,700

  Restaurant / Food Service

  $22,776,000

  Healthcare / Senior Housing

  $47,184,000

Location Insight

City

Fitchburg

County

Dane

State

Wisconsin

Latitude

43.0258

Longitude

-89.4146

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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