17 Woodland RdMadison, CT 06443

Property Details for 17 Woodland Rd

Year built

1984

Property size (Sq ft)

5,784 SF

Zone code

R-1

Property type

Office properties

APN

MADI M:48 B:60-001

APU

MADIM48B60001

Description

This exceptional office space, located at 17 Woodland Rd in Madison, Connecticut, offers a unique opportunity for businesses seeking a versatile and well-situated location. The property, a two-story building constructed in 1984, comprises a total of 5,784 square feet, with a minimum divisible space of 500 square feet. Currently, 500 square feet is immediately available for lease. The building is classified as Class C and features traditional and creative office spaces within a multi-tenant setting. Situated on a 1.77-acre lot (74,052 sq ft), the property boasts ample parking with 20+ spaces. The building includes one passenger elevator to service the two stories, each with an 8-foot ceiling height. Utilities include 110-volt, 100-amp, single-phase power. The property's zoning is R-1, and its convenient location offers easy access to I-95, US-1, and the Madison Train Station. The vibrant downtown Madison area, with its diverse array of shops, restaurants, and services, is also within close proximity. This property is part of a well-maintained office park in the Shoreline submarket cluster of New Haven, CT, and is conveniently located near Durham Road.

• CAP approach

  CAP return

  Valuation

  6%

  $956,268

  6.5%

  $882,709

  7%

  $819,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,737

  Geo Method

  $755,737

• Alternative Use

  Use

  Valuation

  Residential

  $1,094,559

  Hospitality

  $1,002,610

  Educational

  $834,160

  Medical

  $862,848

  Retail

  $1,297,582

Location Insight

City

Madison

County

New Haven

State

Connecticut

Latitude

41.2852

Longitude

-72.6021

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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