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60 Boston Post Rd Madison, CT 06443

Motels Google Maps
3,153 SF 1.91 ac lot Built 1812
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$900k
Range $810k – $990k (±10%)
Property ID US15-1035651

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1812
Total area 3,153 SF
Lot 1.91 ac (83,200 SF)
Zoning code C
APN MADI M:44 B:53
UPID US15-1035651

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital
  • Alternative Medicine Practice Spa & Massage Center
  • Hotel & Motel
  • Counselor
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$900k

Owner & transaction history

since 2023
Last sale
$900,000
3 recorded transactions
2023
$900,000
1998
Price N/A
1991
Price N/A

Zoning & alternative use

C · Madison, CT
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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