46-50 Main StBranford, CT 06405

Property Details for 46-50 Main St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

3,252 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRAN M:D07-000 B:001 L:00010

APU

BRANMD07000B001L00010

Description

This exceptional 1.34-acre commercial land parcel, located at 46-50 North Main Street in Branford, Connecticut (zip code 06405), presents a unique investment opportunity. Situated at a signalized intersection of Route 1 (North Main Street) and Cherry Hill Road, this property boasts significant visibility and accessibility. The lot features substantial frontage: approximately 205 feet on Route 1 and 263.84 feet on Cherry Hill Road. The existing 3,252 square foot commercial building is available for sale or land lease. The property is zoned BL, allowing for a wide variety of commercial uses. The high-traffic location benefits from an average daily traffic count of approximately 16,387 vehicles. This prime location offers unparalleled exposure for any business seeking a prominent presence in Branford. The property's size and zoning make it suitable for a range of commercial ventures. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Contact the listing agent for pricing and further details.

• CAP approach

  CAP return

  Valuation

  6%

  $790,350

  6.5%

  $729,553

  7%

  $677,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,070,764

  Geo Method

  $1,070,764

• Alternative Use

  Use

  Valuation

  Residential

  $615,406

  Hospitality

  $563,708

  Educational

  $468,999

  Medical

  $485,128

  Retail

  $729,553

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.281

Longitude

-72.8243

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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