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Property summary
This 2,846-square-foot office space is located on the second floor of a three-story, Class B building constructed in 1969. The building, totaling 15,498 square feet, features one elevator and is handicap accessible. This suite offers a desirable executive or traditional office layout, with abundant natural light from its end-of-building location and surrounding windows. The space is part of a larger building with multiple tenants. The property sits on a 0.48-acre lot in Madison, Connecticut, and is zoned DW. Its convenient downtown location offers easy access to banks, the post office, numerous restaurants, and cafes, including the Madison Coffee House located on the ground floor. A large pedestrian courtyard provides an outdoor amenity. Ample free parking is available in the surrounding area. The lease rate is $23.00 per square foot gross, plus utilities.
Property profile
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
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Real Estate Agency
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Law Firm
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Atm
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
A. Purpose. The purpose of the Downtown District (“D”, “DW” & “DC”) is to maintain and enhance the historic character and charm of the downtown, while allowing the existing downtown area along Boston Post Road and Wall S…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DW · Madison, CTA. Purpose. The purpose of the Downtown District (“D”, “DW” & “DC”) is to maintain and enhance the historic character and charm of the downtown, while allowing the existing downtown area along Boston Post Road and Wall S…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
A. Purpose. The purpose of the Downtown District (“D”, “DW” & “DC”) is to maintain and enhance the historic character and charm of the downtown, while allowing the existing downtown area along Boston Post Road and Wall S…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DW in Madison, CT.
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