For Sale
$1,300,000

9 Business Park Dr Branford, CT 06405

8,816 SF Flex Space, $1.3M Asking

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 8,816-square-foot flex space at 9 Business Park Drive in Branford, Connecticut, presents a compelling investment opportunity. The property, encompassing units 5-12 of an office/flex condominium, boasts a prime location just off I-95, exit 56, offering excellent highway visibility. Built in 1980, this single-story building features a 14-foot ceiling height and sits on a 5-acre lot, zoned IG2. The property includes eight units and is fully air-conditioned. Recent improvements include a new roof and a renovated parking lot, funded by a loan with 10 years remaining. The Net Operating Income (NOI) is $45,000. This property is ideal for owner-occupancy or as a strong investment, offering a great long-term return with the loan payoff within a decade. The building is in excellent condition and presents a rare opportunity to acquire a well-maintained, strategically located flex space in a thriving Connecticut market. The property's convenient access to I-95 makes it an attractive location for businesses seeking easy access to major transportation routes. This is a turnkey opportunity for an investor or business owner seeking a high-quality space with significant upside potential.

Highlights

  • Excellent long-term investment opportunity; new roof and parking lot; loan fully amortized within 10 years.

Property Details for 9 Business Park Dr

Property type
Office properties, Industrial properties
Square Feet
8,816 SF
Year Built
1980
Stories
1
Lot Size (sq. ft)
217,800 SF
Units
8

Location Insight

City
Branford
County
New Haven
State
Connecticut
Latitude
41.296302907612
Longitude
-72.768352711296

FAQs

What type of property is this?
Office property - 8,816 SF Flex Space, $1.3M Asking
Where is the office property located?
The property is located at 9 Business Park Dr Branford, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Excellent long-term investment opportunity; new roof and parking lot; loan fully amortized within 10 years.; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9 Business Park Dr
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