26 Main StAvon, CT 06001

Property Details for 26 Main St

Year built

1994

Construction

FRAME

Lot size

1.67 AC

Property type

Showrooms

APN

AVON M:8 L:4540026

APU

AVONM8L4540026

Description

Prime 1.67-acre commercial and residential land parcel in Avon, CT, located at 26 West Main Street (Route 44), near Avon Village Center and Whole Foods Market. Zoned Commercial - Specialized, this property presents a unique redevelopment opportunity. Concept plans envision approximately 60 multi-family units and retail space, with the town indicating a 10% affordable housing component may suffice for approval. The existing First & Last Tavern restaurant is operational, though the highest and best use aligns with the proposed development. Expansion potential exists, with the possibility of acquiring additional land and up to 24 more multi-family units. The asking price is $1,900,000, and sellers are open to considering a ground lease option. This is a rare chance to develop in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $13,761,000

  6.5%

  $12,702,500

  7%

  $11,795,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,885,060

  Geo Method

  $9,885,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $24,771,100

  Mixed-Use / Specialty

  $12,657,200

  Hospitality / Lodging

  $9,286,190

  Office

  $12,582,000

  Institutional / Educational

  $13,158,400

  Residential Income

  $15,395,300

  Multifamily

  $18,464,300

  Automotive / Energy

  $11,278,600

  Parking / Income-Based Land

  $3,892,110

  Restaurant / Food Service

  $6,583,110

  Healthcare / Senior Housing

  $12,979,700

Location Insight

City

Avon

County

Hartford

State

Connecticut

Latitude

41.811

Longitude

-72.832

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].