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$550,000 Just Listed
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Property Description
Overview Turnkey opportunity to acquire a well-established restaurant business in the desirable shoreline town of Madison, Connecticut. The James Madison House Restaurant benefits from strong local recognition, consistent year-round traffic, and proximity to the town center and coastal attractions. This is an ideal opportunity for an owner-operator or experienced restaurateur to step into an existing operation with immediate income potential and upside. Key Highlights Established restaurant with loyal customer base Prime shoreline location in high-income demographic Turnkey operation with existing kitchen and infrastructure Consistent year-round business with seasonal upside Located within an active commercial setting Opportunity to rebrand or enhance concept Facility Fully built-out restaurant space Equipped commercial kitchen Dining area with established layout Lease in place Growth & Expansion Opportunities Extend operating hours / add service days Introduce new menu concepts or bar program Increase marketing and digital presence Expand catering / private events
Full Property Details
Full Property Details for 508 Old Toll Rd
General
- Price: $550,000
- Status: Active
- Type: Business
- Source: SMARTMLS
- MLS ID: 24170118
- Updated: Today (4/25/2026)
- Added to Site: Today
Location
- County: New Haven
- Driving Directions: Off I-95 follow highway 79 north to route 80. Take first exit on to Old Toll Rd, route 80. First entrance on the right.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Gas In Street
- Heating Fuel: Gas In Street
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas
Lot Features
- Frontage: State Road
Disclosures and Reports
- Property ID: 1160488
Listed by Houlihan Lawrence WD, Casey Fisher
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Price & Sales History for 508 Old Toll Rd
Date
Details
Price
Change
Source
4/25/2026
Listed
$550,000
-77.08%
MLS
10/01/1993
Sold
$2,400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 508 Old Toll Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$76,563
2%
$3,413,400
—
2023
$75,095
-25%
$3,413,400
2%
2023
$100,477
2%
$3,352,600
—
2022
$98,600
2%
$3,352,600
—
2021
$96,723
2%
$3,352,600
—
2020
$95,046
—
$3,352,600
—
2019
$95,046
8%
$3,352,600
7%
2018
$87,838
3%
$3,132,600
—
2017
$85,520
3%
$3,132,600
—
2016
$82,938
3%
$3,130,900
—
2015
$80,652
2%
$3,130,900
—
2014
$78,805
19%
$3,130,900
-4%
2010
$66,418
—
$3,257,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 Old Toll Rd
508 Old Toll Road, Madison, CT 06443 (MLS# 24170118) is a Business property. 508 Old Toll Road is currently listed for $550,000 and was received on April 25, 2026. Want to learn more about 508 Old Toll Road? Do you have questions about finding other Business real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

