Entity Owned Property summary
The property is located at the eastern entrance to downtown Madison, Connecticut, within a short walk of Madison’s East Wharf Beach and surrounded by high-end residential and light commercial real estate. It is the former Hammonasset Service Station and contains 3,887 square feet on a 0.21-acre lot. The site is zoned D. Phase I and Phase II Environmental Site Assessments are available. The property is offered in an as-is condition, and no specific zoning or environmental contingencies are identified as part of the stated terms; it may be suitable for commercial and residential uses consistent with its zoning.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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
D · 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 D in Madison, CT.
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