850 Main StBranford, CT 06405

Property Details for 850 Main St

Lot size

2.22 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

BRAN M:C08-000 B:001 L:00006

APU

BRANMC08000B001L00006

Description

This exceptional retail property, located at 850 West Main Street in New Haven County, presents a fantastic opportunity for a restaurant. The property boasts a total of 2.2 acres of land, providing ample space and visibility. Currently, one retail space is available for either sale or lease, making it ideal for an established business looking to expand or a new venture seeking a prime location. The building features a beautifully appointed interior that has recently undergone upgrades, ensuring a modern and attractive space for customers. A key advantage is the excellent signage opportunities available to tenants, enhancing visibility and brand recognition. Furthermore, the property offers convenient parking for patrons, with a substantial 120 parking spaces available. This combination of a desirable location, attractive interior, ample parking, and excellent signage potential makes this property a truly exceptional investment opportunity in a thriving market. The property is classified as a multi-tenant retail space. Serious inquiries are encouraged to explore this promising venture.

• CAP approach

  CAP return

  Valuation

  6%

  $19,825,194

  6.5%

  $18,300,180

  7%

  $16,993,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,584,784

  Geo Method

  $19,584,784

• Alternative Use

  Use

  Valuation

  Residential

  $18,300,180

  Hospitality

  $16,762,866

  Educational

  $13,946,508

  Medical

  $14,426,149

  Retail

  $21,694,568

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2772

Longitude

-72.8369

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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