40 Griffin RdWindsor, CT 06095

Property Details for 40 Griffin Rd

Lot size

9.32 AC

Property type

Industrial land

APN

WSOR M:00006 B:00142 L:000040

APU

WSORM00006B00142L000040

Description

This ±9.76-acre parcel, located at 40 Griffin Road North and 2000 Blue Hills Avenue in Windsor, Connecticut (zip code 06095), presents a significant development opportunity. The property is zoned for industrial use, permitting a wide range of applications including manufacturing, automotive, office, hotel, and other compatible uses. The site boasts frontage on Routes 187 and 189, providing excellent highway access and visibility. Utilities are conveniently located in the street. The property's location offers a strategic advantage, situated near Bradley International Airport and in the vicinity of established businesses such as Amazon and The Hartford. This site features a 33% coverage ratio. This ±9.76-acre parcel is also available for combination with a separate 44.44-acre site in nearby Bloomfield, Connecticut, creating an even larger development potential. The property is situated within the Griffin Center, the former location of the Summer Wind Performing Arts Center. This presents a unique opportunity to develop a high-profile site in a desirable location with strong infrastructure and access.

• CAP approach

  CAP return

  Valuation

  6%

  $149,764,000

  6.5%

  $138,244,000

  7%

  $128,369,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $84,872,300

  Geo Method

  $84,872,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $70,890,700

  Mixed-Use / Specialty

  $70,638,000

  Hospitality / Lodging

  $51,824,800

  Office

  $70,218,300

  Institutional / Educational

  $73,435,000

  Residential Income

  $85,919,000

  Multifamily

  $103,047,000

  Automotive / Energy

  $62,944,300

  Parking / Income-Based Land

  $21,721,300

  Restaurant / Food Service

  $36,739,400

  Healthcare / Senior Housing

  $72,437,900

Location Insight

City

Windsor

County

Hartford

State

Connecticut

Latitude

41.8837

Longitude

-72.7397

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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