11 Woodland Rd Ste 1a Madison, CT 06443-2380

Property Details for 11 Woodland Rd Ste 1a

Year built

1984

Property size

5,590 SF

Zone code

R-1

Property type

Office Properties & Spaces

APN

MADI M:48 B:60-005

APU

MADIM48B60005

Description

This exceptional 5,590 square foot medical office condominium, located at 11 Woodland Road, Unit 1A in Madison, Connecticut, presents a unique owner-user opportunity. Situated in a Class B building constructed in 1984 and renovated in 1990, this second-floor unit boasts private elevator access and is ideally suited for a variety of medical uses. The space is currently vacant and features a full medical fit-up, including nine plus spacious private offices, a large conference room, open workstation areas, a sizable reception area, several exam/treatment rooms, a full kitchen, three lavatories, one full bathroom, ample file storage, and laundry hookups. The flexible layout allows for customization to suit individual needs, with the potential to combine or separate various spaces. The property is zoned R-1 and offers a significant advantage with its convenient location off I-95. The asking price is $635,000, representing a compelling value-add investment. Comparable medical office properties in the shoreline area command market rents of $18.00 to $22.00 per square foot, triple net (NNN), presenting a strong potential for rental income should the owner choose to lease a portion of the space. This single-unit, two-story building presents a rare opportunity to own a fully equipped medical office space in a prime location.

Location Insight

City

Madison

County

New Haven

State

Connecticut

Longitude

-72.6025

Latitude

41.2852

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments