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- LoopNet Team
3080 Highway MM
Fitchburg, WI 53711
REDEVELOPMENT 9.8 ACRE PARCEL - FITCHBURG, WI · Land For Sale
·
9.80 AC
INVESTMENT HIGHLIGHTS
- 4 Miles From Downtown Madison, WI
- Great Redevelopment Opportunity
- 9.8 Acres
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 9.80 AC |
| Zoning | RR | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 9.80 AC |
| Zoning | RR |
DESCRIPTION
REDEVELOPMENT OPPORTUNITY - Don't miss your chance to own this prime real estate located on the corner of Clayton Rd. & Highway MM in Fitchburg, WI. Priced at just $4,495,000, this 9.8-acre parcel offers endless potential for redevelopment. Situated on a beautiful hilltop, this property boasts breathtaking views of downtown Madison, Lake Monona, and the surrounding countryside. With City water at the site and sewer slated for 2024 or sooner this lot would be great for the construction of a 200-unit apartment complex along with commercial space. Conveniently located just 4 miles from downtown Madison and with easy access to the Beltline Highway, this property offers both a quiet, secluded location and the convenience of urban living. Additionally, tenants will enjoy year-round access to the Capital City State Trail, a 17-mile bike trail located just across the street. Don't wait - seize this incredible investment opportunity and realize the full potential of this remarkable property. All redevelopment plans and rezoning will be subject to city approval. Currently zoned RR- Rural Density District. 4917 E. Clayton Rd. is a 2,124 sq.ft. single family house which is currently leased out at $2,495/month until 5/31/2024. 3080 Highway MM is a 6 unit motel being used as a short term rental with month to month leases. Contact us today to learn more about this development site. For drone tour copy and paste link below: https://www.youtube.com/watch?v=2JIrPxhY48o
PROPERTY TAXES
| Parcel Number | 0609-013-8050-9 | Improvements Assessment | $204,000 |
| Land Assessment | $518,300 | Total Assessment | $722,300 |
PROPERTY TAXES
