1353 Boston Post Road

Madison, CT 06443 Directions
$1,950,000
  • 10,871Sqft
  • 0.58Acres
  • 1978Built
  • $179Price/Sqft

Property Highlights

  • Neighborhood: Hammonasset
  • Days on Market: 126
  • MLS: 170510161

Property Highlights

  • Neighborhood: Hammonasset
  • Days on Market: 126
  • MLS: 170510161

Endless possibilities! 10, 871 sq ft amongst 1st and 2nd floors.. 1st floor leased for $17, 406.26/month for year 1 - $16, 406.25/month year 2-6 to Middlesex Health Primary Care. Approximately 4, 000 sq ft (2nd floor) is available for new owner or new tenant for investment. 2nd floor is mostly Office area currently demised into private offices (about 10), open hallway/area, and conference room(s). There are (2) women's bathrooms and (2) men's bathrooms. Possibilities can be estimated around $4, 000 for office space or build out/ outfitting for specific use (such as dentist, medical, etc) at a price of $14, 000 / month. Tenants pay the electric...

Property Highlights

  • Neighborhood: Hammonasset
  • Days on Market: 126
  • MLS: 170510161

Endless possibilities! 10, 871 sq ft amongst 1st and 2nd floors.. 1st floor leased for $17, 406.26/month for year 1 - $16, 406.25/month year 2-6 to Middlesex Health Primary Care. Approximately 4, 000 sq ft (2nd floor) is available for new owner or new tenant for investment. 2nd floor is mostly Office area currently demised into private offices (about 10), open hallway/area, and conference room(s). There are (2) women's bathrooms and (2) men's bathrooms. Possibilities can be estimated around $4, 000 for office space or build out/ outfitting for specific use (such as dentist, medical, etc) at a price of $14, 000 / month. Tenants pay the electric and heat. Ample Parking in the lot. Fabulous location, less than one mile from Hammonasset State Park Beach with 2 million visitors annually. Great visibility on Boston Post Road and easy access to i-95. Property was inspected within the year - per seller the roof is newer (within 5 years or so). Mls attached the proof of ACH payment from Middlesex hospital for their rent. They have been paying $18, 097 in rent since January 2022 and that will be their rent for the remainder of the term. It is more than what the lease says because they are using the kitchen area and a small space to store their paper records on the second floor. Also, there is a clause which has CPI increase every year since Jan 2020.

Endless possibilities! 10, 871 sq ft amongst 1st and 2nd floors.. 1st floor leased for $17, 406.26/month for year 1 - $16, 406.25/month year 2-6 to Middlesex Health Primary Care. Approximately 4, 000 sq ft (2nd floor) is available for new owner or new tenant for investment. 2nd floor is mostly Office area currently demised into private offices (about 10), open hallway/area, and conference room(s). There are (2) women's bathrooms and (2) men's bathrooms. Possibilities can be estimated around $4, 000 for office space or build out/ outfitting for specific use (such as dentist, medical, etc) at a price of $14, 000 / month. Tenants pay the electric and heat. Ample Parking in the lot. Fabulous location, less than one mile from Hammonasset State Park Beach with 2 million visitors annually. Great visibility on Boston Post Road and easy access to i-95. Property was inspected within the year - per seller the roof is newer (within 5 years or so). Mls attached the proof of ACH payment from Middlesex hospital for their rent. They have been paying $18, 097 in rent since January 2022 and that will be their rent for the remainder of the term. It is more than what the lease says because they are using the kitchen area and a small space to store their paper records on the second floor. Also, there is a clause which has CPI increase every year since Jan 2020.

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  • Additional Information
    • Acres: 0.58
    • Area Type: Other
    • Living Area SqFt: 10,871
    • Neighborhood: Hammonasset
    • Present Use: Medical building and office sp
    • Road Frontage Description: State Road, Paved Road
    • Sewer: Public Sewer Connected
    • Tax Amount: $26,531
    • Utilities Available: Electric, Gas, Cable
    • Year Built: 1978
  • Interior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Heat: Hot Air
    • Living SqFt Source: Public Records

Listing Courtesy of Lauren Freedman of Coldwell Banker Realty.

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