5264 Verona RdFitchburg, WI 53711

For Sale
$2,000,000

High-traffic location, renovated bar/fitness center

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 5264 Verona Rd in Fitchburg, WI, presents a unique investment opportunity. The 9,975 square foot building, constructed in 1972 and extensively renovated in 2015 by Supreme Structures of Madison, boasts a prime location with over 50,000 vehicles passing daily. The property features a fully sprinkler-protected interior, a new roof still under warranty, and two high-temperature furnaces along with a new dehumidifier unit. Previously operating as a high-intensity training center and event space, this versatile building is zoned G2 and sits on a 1.206-acre lot, offering ample parking. The floor plan is available upon request. The asking price is $2,000,000 ($200.50/sq ft), and the property is eligible for a 1031 exchange. The building is also available for lease. The business is not included in the sale. This property is situated within a Tax Increment Financing (TIF) district, offering potential tax advantages (documentation available). Its adaptable design makes it suitable for various uses, including a restaurant, easily capitalizing on its high visibility and convenient location. This is a rare chance to acquire a well-maintained, high-traffic commercial property in a thriving Dane County location.

Highlights

  • 9,975 SF mixed-use building on 1.206 acres in Fitchburg, WI.
  • Prime location with over 50,000 vehicles passing daily.
  • Extensively renovated in 2015, featuring a new roof (under warranty), sprinkler system, and HVAC upgrades.
  • G2 zoning allows for versatile uses, including restaurant.
  • Asking price: $2,000,000 ($200.50/SF); 1031 exchange eligible.
  • Building also available for lease; business not included in sale.

Property Details for 5264 Verona Rd

Property type
Other specialty properties, Other retail properties
Square Feet
9,975 SF
Class
C
Year Built/Renovated
1972/2015
Stories
1
Lot Size (sq. ft)
52,533 SF

Location Insight

City
Fitchburg
County
Dane
State
Wisconsin
Latitude
43.020847100719
Longitude
-89.471390234156
5264 Verona Rd, Fitchburg, Wisconsin

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5264 Verona Rd
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