468 Westminster RdCanterbury, CT 06331

Property Details for 468 Westminster Rd

Lot size

7.19 AC

Property type

Commercial real estate

APN

CANT M:13 B:2

APU

CANTM13B2

Description

This exceptional investment opportunity presents a well-maintained, income-generating storage facility located at 468 Westminster Road, Canterbury, CT. The property encompasses a substantial 7.19 acres of land and features a total of 190 storage units, strategically distributed across ten separate buildings. Ten of these units are climate-controlled, each measuring 10x20 feet, catering to a diverse range of storage needs. The facility boasts a convenient on-site office, facilitating efficient management and customer service. Security is ensured with a gated entrance, providing 24/7 access for tenants. The expansive 7.19-acre lot offers significant potential for future expansion, allowing for the addition of more storage units or the exploration of complementary business ventures. The property's 20,000 square feet of existing space, combined with the ample land for development, presents a compelling proposition for investors seeking strong returns and long-term growth. The asking price for this turnkey operation is $2,500,000. This prime Canterbury location offers excellent accessibility and visibility, making it an attractive investment in a thriving market. The current configuration and operational efficiency of the facility make it immediately profitable, with significant upside potential for future development.

• Alternative Use

  Use

  Valuation

  Residential

  $59,268,932

  Hospitality

  $54,290,024

  Educational

  $45,168,664

  Medical

  $46,722,084

  Retail

  $70,262,368

Location Insight

City

Canterbury

County

Windham

State

Connecticut

Latitude

41.7087

Longitude

-72.0295

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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