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614 N Fair Oaks Ave 2,046 SF 100% Leased Retail Building Madison, WI 53714 $550,000 ($268.82/SF)
INVESTMENT HIGHLIGHTS
- High-Visibility
EXECUTIVE SUMMARY
Excellent opportunity to acquire a stand-alone building with strong exposure along Highway 30. Formerly operated as a Brothers 3 restaurant, this ±2,046 SF building sits on a ±0.44-acre site and is well configured for food and beverage use or adaptive reuse.
The property features a dining and bar area, in-bar kitchen, cooler, storage rooms, restrooms, outdoor patio space, and ample on-site parking. Zoned TE – Traditional Employment, the site benefits from outstanding visibility and access with Highway 30 traffic counts of approximately 40,000 AADT.
Ideal for a restaurant, cafe shop, office/retail, potential drive-thru concept, or potential redevelopment. The City of Madison Comprehensive Plan identifies the property under the Generalized Future Land Use (GFLU) map as Neighborhood Mixed-Use (NMU) designation, offering potential redevelopment.
The property features a dining and bar area, in-bar kitchen, cooler, storage rooms, restrooms, outdoor patio space, and ample on-site parking. Zoned TE – Traditional Employment, the site benefits from outstanding visibility and access with Highway 30 traffic counts of approximately 40,000 AADT.
Ideal for a restaurant, cafe shop, office/retail, potential drive-thru concept, or potential redevelopment. The City of Madison Comprehensive Plan identifies the property under the Generalized Future Land Use (GFLU) map as Neighborhood Mixed-Use (NMU) designation, offering potential redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,046 SF
Building Class
C
Year Built
1969
Price
$550,000
Price Per SF
$268.82
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.44 AC
Zoning
TE - Zoned TE – Traditional Employment
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
150’ on N Fair Oaks Ave
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0810-324-3003-5 | Improvements Assessment | $295,500 |
| Land Assessment | $53,000 | Total Assessment | $348,500 |
PROPERTY TAXES
Parcel Number
0810-324-3003-5
Land Assessment
$53,000
Improvements Assessment
$295,500
Total Assessment
$348,500
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614 N Fair Oaks Ave
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