490 Salmon Brook StGranby, CT 06035

Property Details for 490 Salmon Brook St

Year built

1976

Construction

FRAME

Lot size

0.39 AC

Property size (Sq ft)

3,780 SF

Zone code

C2

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

GRAN M:E-42 B:0028 L:0178

APU

GRANME42B0028L0178

Description

This exceptional owner-user investment opportunity presents a 3,000 square foot storefront located at 490 Salmon Brook St, Granby, CT 06035. The asking price is $595,000, translating to $198.33 per square foot. Situated on a 0.39-acre lot, this property boasts a prime location in a high-visibility commercial corridor. Built in 1976 and extensively renovated in 2020, the building features two stories. The first floor offers flexible space ideal for retail, showroom, or workshop use, encompassing a 29x20 office showroom with a kitchen and half bath, plus a two-bay garage/workshop. The second floor comprises an approximately 800 square foot apartment with a bedroom, living room, kitchen, and bathroom, providing supplemental income potential or a live/work option. The property is zoned C2 (Business Zone) and is available for occupancy on April 16, 2024. This versatile property offers a unique blend of commercial and residential space, making it an attractive investment for a variety of businesses. Don't miss this chance to own a thriving commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $774,934

  6.5%

  $715,324

  7%

  $664,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $765,537

  Geo Method

  $765,537

• Alternative Use

  Use

  Valuation

  Residential

  $715,324

  Hospitality

  $655,233

  Educational

  $545,146

  Medical

  $563,894

  Retail

  $848,005

Location Insight

City

Granby

County

Hartford

State

Connecticut

Latitude

41.9831

Longitude

-72.8001

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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