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29819283
29819304

2735 Rimrock Rd, Madison, WI 53713

RK
WI 59642-90
Pinnacle Real Estate Group
Listed by Pinnacle Real Estate Group
$1,500,000
105 days on market
Updated 105 days ago
Opportunity zone

Residential Development Opportunity - Olive Tree Residences

Details
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Acreage 2.280
Zoning Res

Prime residential development opportunity in madison! Leg work completed!

Marketing description

Calling all investors! Olive Tree Residences presents a shovel-ready multifamily condominium development opportunity in Fitchburg, WI. PDD/SIP zoning approval was granted and recorded September 2025, providing certainty for the approved 20-unit program. Plans call for 2–3 bedroom units (approx. 1,700–2,500 SF) with 2.5–3.5 baths and attached 2-car garages—well positioned for strong absorption in a high-demand market. Significant entitlement, permitting, and due-diligence work has already been completed: all public utility permits (erosion control, stormwater, MMSD, WI DNR), Phase I ESA, geotechnical report, asbestos/mold remediation, and full site demolition/clearing. Engineering is complete; CAD files available. Construction bid interest secured. Two parcels totaling approx. 2.28 acres. Significant upfront risk mitigated—ready for execution and capital deployment. This lot is comprised of two parcels, sharing the same address. One parcel is 1.32 acres, the other .957 for a total of approximately 2.28 acres. Parcels: 0709-363-9330-3 and 0709-363-9400-8. The Snyder associates who completed the engineering work and will provide the Cad files/plans to the prospective buyer. Bids also available upon request.

Listing Contacts

RK
WI 59642-90
Pinnacle Real Estate Group
Listed by Pinnacle Real Estate Group

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Additional Information

Name
Rachel Kvasnica
License
59642-90
Brokerage
RE/MAX Preferred
Brokerage Phone
(608) 829-3900
Title
Broker Associate
Brokerage Address
8201 Mayo Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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