13 Main StSharon, CT 06069

Property Details for 13 Main St

Year built

1920

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

1,949 SF

Zone code

1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SHAR M:0026 B:0033 L:0000

APU

SHARM0026B0033L0000

Description

This exceptional commercial property, located at 13 W Main Street in the charming village of Sharon, Connecticut, presents a unique investment opportunity. The building boasts 1,949 square feet of versatile space on the first floor, ideal for a variety of office or retail uses. Its prime location ensures high visibility and accessibility for customers and clients. Upstairs, a one-bedroom apartment offers additional potential, whether for rental income or renovation into expanded commercial space. The apartment is accessed via an external staircase. The property benefits from recently updated mechanical systems, including central air conditioning, and a newly established connection to the public sewer system. This eliminates the need for costly septic maintenance and ensures compliance with modern standards. Furthermore, the 0.16-acre lot provides ample parking, a significant advantage in a busy commercial area. The parking spaces are approved by the Town of Sharon, ensuring compliance with local regulations. This turnkey property is ready for immediate occupancy and offers significant potential for growth and return on investment. Its combination of prime location, versatile space, and updated infrastructure makes it an attractive proposition for discerning buyers. Don't miss this chance to acquire a thriving commercial property in a desirable Connecticut town.

• CAP approach

  CAP return

  Valuation

  6%

  $522,546

  6.5%

  $482,351

  7%

  $447,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $642,599

  Geo Method

  $641,734

• Alternative Use

  Use

  Valuation

  Residential

  $406,881

  Hospitality

  $372,701

  Educational

  $310,083

  Medical

  $320,747

  Retail

  $482,351

Location Insight

City

Sharon

County

Litchfield

State

Connecticut

Latitude

41.8792

Longitude

-73.4776

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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