The median home value in Madison, VA is $426,000.
This is
higher than
the county median home value of $274,900.
The national median home value is $308,980.
The average price of homes sold in Madison, VA is $426,000.
Approximately 66% of Madison homes are owned,
compared to 23% rented, while
9% are vacant.
Madison real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Madison real estate agent to arrange a tour today!
Learn more about Madison.
Subject property includes three Tax Maps 39A-83,84&85A. The Hunton House, later named the Hunton Hotel, was originally, constructed in 1803+-. Over the years there were additions to the original footprint. Today the Hunton Hotel, has approximately 8,694 finished square feet, under roof. There were nine original fireplaces, on three levels. The original circa 1803 portion, was constructed of brick. Later additions had wood siding and stucco. The interior, walls were constructed of wood and plaster. The Hotel has partial hot water, oil fired heat, no air conditioning, and is served by public water and sewer. Zoned B-1 Commercial. The property is in fair to poor condition, and is in need of restoration. The location and architecture has the prospect of being a prominent feature and destination in the Town of Madison. Miranda's Restaurant - this property is one of the oldest buildings in the Town of Madison, of log home construction, dating back prior to 1800. The property was originally a residence of the John Lewis family, in 1880, who later moved next door to the Hunton House, prior to becoming a hotel. Later additions were constructed in 1940's. The current use is Miranda's, a casual dining restaurant. It is served by public water and sewer. Central heat pump for heating and cooling. Total square footage 2,320+-, and is zoned B-1 Commercial. There is a detached 336 square foot, commercial improvement, formally used as a coffee shop, adjacent to the restaurant, and also facing Main Street. In the back of the property there is a wood-framed barn of 3,376+- square foot, that is currently being used for storage. Also is a vacant lot of 0.054 acres.
Huge opportunity that doesn't come around often. Prime location on Route 29 in Madison County. Madison is growing leaps and bounds in popularity. This property is located right beside Yoder's Country Market which is an extremely popular location for locals and travelers. Take advantage of the opportunity to benefit from an already booming location and place your business here! Not only do you have 12 acres already zoned Commercial and fronting 29 but there is a possible opportunity to rezone all or part of the remaining 70 acres currently zoned Agriculture. Over 1700 feet of Route 29 road frontage! Seize this! The potential is endless!
