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Crescent Motel 60 Boston Post Rd 15,024 SF 100% Leased Retail Building Madison, CT 06443 $3,405,500 CAD ($226.67 CAD/SF) 9.08% Cap Rate
Investment Highlights
- Situated along the highly trafficked Boston Post Road
- Includes generous parking facilities to support customer convenience
- Features adaptable layouts suitable for retail, office, or service uses
Executive Summary
NEW PRICE Commercial Real Estate Investors take notice! Discover an exceptional investment opportunity with this newly remodeled mixed-use commercial property, ideally situated on 1.91 acres along the bustling Boston Post Road in Madison, CT. Boasting an impressive 597 sq/ft of road frontage, this prime location ensures high visibility and accessibility. Currently, the property is 90% rented and the mixed-use building includes, 9 One Bedroom Motel Rooms, 1 fully equipped apartment with full kitchen, living/dinning room and one bedroom with 1.5 baths. Additionally this building offers 4 office and 4 retail spaces. Owners have recently replaced entire roof, electric, and remodeled most rooms. With 1.91 acres of versatile land, there is ample opportunity to expand the current motel operations or explore new ventures. Whether you envision additional lodging facilities, retail expansions, or innovative commercial enterprises, this property provides the foundation for unlimited potential. Do not miss this unique opportunity to enhance your portfolio.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,024 SF
Building Class
C
Year Built
1980
Price
$3,405,500 CAD
Price Per SF
$226.67 CAD
Cap Rate
9.08%
NOI
$309,219 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.91 AC
Zoning
C - Commercial
Parking
10 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
184’ on Boston Post Rd
Amenities
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | MADI-000044-000000-000053 | Improvements Assessment | $556,542 CAD |
| Land Assessment | $360,681 CAD | Total Assessment | $917,223 CAD |
Property Taxes
Parcel Number
MADI-000044-000000-000053
Land Assessment
$360,681 CAD
Improvements Assessment
$556,542 CAD
Total Assessment
$917,223 CAD
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Crescent Motel | 60 Boston Post Rd
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