288 Main StBranford, CT 06405

Property Details for 288 Main St

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

4,550 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRAN M:E06-000 B:002 L:00006

APU

BRANME06000B002L00006

Description

This exceptional commercial property, located at 288 East Main Street in Branford, Connecticut, offers a versatile space ideal for retail or office use. The building, a single-story Class B structure built in 1976, boasts a total of 25,450 square feet, with a minimum divisible space of 1,600 square feet. Situated on a 2.38-acre lot in the Mews, a mixed-use neighborhood center, this property benefits from its convenient location off Route 1, surrounded by numerous amenities. The building features a mix of retail, office, and service-oriented businesses on the ground floor, with residential apartments above. The zoning is BR, and the property enjoys easy access to I-95 via Exit 55. This presents a unique opportunity for businesses seeking a well-located space in a thriving community within New Haven County. The lease rate is $18 per square foot gross, plus utilities. The property is in Branford, CT, zip code 06405.

• CAP approach

  CAP return

  Valuation

  6%

  $1,105,809

  6.5%

  $1,020,747

  7%

  $947,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,498,148

  Geo Method

  $1,498,148

• Alternative Use

  Use

  Valuation

  Residential

  $861,038

  Hospitality

  $788,706

  Educational

  $656,194

  Medical

  $678,762

  Retail

  $1,020,747

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2899

Longitude

-72.8013

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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