144 Main StBrooklyn, CT 06239

Property Details for 144 Main St

Year built

1940

Construction

FRAME

Lot size

0.29 AC

Property size (Sq ft)

2,271 SF

Zone code

NC

Property type

Showrooms

APN

BROO M:47 L:30A

APU

BROOM47L30A

Description

This exceptional mixed-use property in Brooklyn, Connecticut, presents a unique investment opportunity. Located at 144 S Main St, 06239, this property offers 2,271 square feet of space, currently configured as an office and warehouse. The asking price is $199,000, translating to $87.63 per square foot. The property consists of two buildings, each offering distinct advantages. The office space, previously occupied by an insurance company, is meticulously maintained and in excellent condition, ideal for a variety of businesses. Its convenient location just off Route 6 and near I-395 ensures high visibility and easy access for clients and employees. The accompanying warehouse component provides substantial storage capacity, spanning two floors, with 1575 square feet on each level. This versatile space offers significant potential for expansion. Subject to town approval, there's ample room to add additional office space or even living quarters, maximizing the property's functionality and return on investment. This property is a rare find, combining prime location, versatile space, and significant upside potential. The two buildings and two units offer flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $551,932

  6.5%

  $509,476

  7%

  $473,085

• Comparable approach

  Method

  Valuation

  Relative Method

  $747,757

  Geo Method

  $747,757

• Alternative Use

  Use

  Valuation

  Residential

  $429,762

  Hospitality

  $393,660

  Educational

  $327,520

  Medical

  $338,784

  Retail

  $509,476

Location Insight

City

Brooklyn

County

Windham

State

Connecticut

Latitude

41.8006

Longitude

-71.8918

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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