60 Boston Post Rd Madison, CT 06443
- Motels
- 3,153 SF
- 1.91 lot acres
Current Use by Public Records
- Compassionate Psychiatric Care / Psychiatric Hospital
- Therapeutic Massage & Wellness / Massage Therapist
- Crescent Motel / Motel / Hotel
- Vincent Samuolis / Counselor
- Kendrick Norris / Psychoanalyst
Property Details for 60 Boston Post Rd
- Year built
- 1812
- Lot size
- 1.91 lot acres
- Property size
- 3,153 SF
- Zone code
- C
- Property type
- Motels
- APN
- MADI M:44 B:53
- APU
- MADIM44B53
Description
This exceptional investment opportunity presents a newly remodeled mixed-use commercial property ideally located on a 1.91-acre lot along the high-traffic Boston Post Road in Madison, Connecticut. The property boasts 6,705 square feet of space and offers significant road frontage, ensuring high visibility and accessibility for businesses. Currently, the property enjoys 90% occupancy. The building comprises nine one-bedroom motel rooms, a fully equipped one-bedroom apartment with a full kitchen, living/dining room, and 1.5 bathrooms. In addition, there are four office spaces and four retail spaces available. Recent significant improvements include a completely new roof and electrical system, along with extensive remodeling of most rooms. The expansive 1.91-acre lot provides ample room for future expansion, allowing for the potential addition of more lodging units, retail space, or other commercial ventures. This property offers a solid foundation for a diverse range of business opportunities and represents a compelling investment prospect for those seeking a high-return, mixed-use asset in a desirable location. The combination of existing income and expansion potential makes this a truly unique opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $895,000
- ML approach
- $885,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $565,000
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.6419
- Latitude
- 41.2854
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA