303 Main StBranford, CT 06405

Property Details for 303 Main St

Year built

1890

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,476 SF

Property type

Showrooms

APN

BRAN M:D08-000 B:003 L:00004

APU

BRANMD08000B003L00004

Description

This exceptional two-story office building, located at 303 Main Street, presents a unique opportunity for a single tenant. Boasting 1,476 square feet of space, the building offers a blank canvas for customization, perfect for a variety of uses. Built in 1890, the property retains its original charm, featuring 10-foot ceilings and excellent natural light. Its prime location on a high-traffic road ensures exceptional visibility, with an estimated 10,000 cars passing daily, eliminating the need for extensive marketing efforts. Ample parking is available with 10 spaces on-site. The property sits on a 0.18-acre lot and comprises one building. The building's strong bones and high visibility make it ideal for retail or office use, and its adaptability lends itself to diverse business models, from established businesses to pop-up shops or seasonal ventures. The owner is open to various proposals and encourages creative uses of the space. This is a rare chance to secure a highly visible and versatile property in a desirable location. The building's history and character combine with its modern-day advantages to create an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $358,720

  6.5%

  $331,126

  7%

  $307,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,992

  Geo Method

  $485,992

• Alternative Use

  Use

  Valuation

  Residential

  $279,317

  Hospitality

  $255,853

  Educational

  $212,867

  Medical

  $220,187

  Retail

  $331,126

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2771

Longitude

-72.8212

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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