71 Main StBranford, CT 06405

Property Details for 71 Main St

Year built

2006

Construction

FRAME

Lot size

1.11 AC

Property size (Sq ft)

6,000 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRAN M:A08-000 B:003 L:00002

APU

BRANMA08000B003L00002

Description

This exceptional 857-square-foot retail or office space is situated within a well-maintained, 6,000-square-foot strip center at 71 West Main Street in Branford, Connecticut. The property, built in 2006, boasts a prime location on US-1, experiencing high traffic volume exceeding 19,000 cars daily. This single-story building offers a total of seven suites, each measuring 857 square feet, with a 9-foot ceiling height. Unit 5 is currently available. The property includes ample parking with 45 spaces available for tenants and customers. The lot size is 1.1 acres, and the property is zoned BL. Landlord covers taxes, CAM, and insurance

• CAP approach

  CAP return

  Valuation

  6%

  $1,458,210

  6.5%

  $1,346,040

  7%

  $1,249,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,975,579

  Geo Method

  $1,975,579

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,435

  Hospitality

  $1,040,052

  Educational

  $865,311

  Medical

  $895,070

  Retail

  $1,346,040

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2772

Longitude

-72.8583

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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