197 Main StBranford, CT 06405

Property Details for 197 Main St

Lot size

0.30 AC

Property type

Investment properties

Property subtype

Live-work space

APN

BRAN M:D08-000 B:002 L:00001

APU

BRANMD08000B002L00001

Description

This exceptional investment opportunity presents two distinct properties for sale together at 197 Main Street, Branford, CT. The first is a mixed-use building totaling 5,074 square feet situated on a 0.6-acre lot. The ground floor offers approximately 1,424 square feet of high-visibility retail space, ideal for a variety of businesses. Above the retail space is a 1,416 square foot, three-bedroom, two-bathroom apartment. The property benefits from ample parking and high traffic counts, ensuring excellent exposure for any commercial venture. Included in this sale is an abutting, beautifully preserved turn-of-the-century two-family home. This multi-family residence features two spacious apartments, each exceeding 1,000 square feet and including two bedrooms and one bathroom. A detached garage and additional office space further enhance the property's appeal. Both properties are being sold together in "as is" condition. This combined offering presents a rare chance to acquire a significant commercial and residential holding in a prime Branford location. The asking price for this unique package is $1,150,000. Don't miss this chance to establish your business and secure a valuable investment in a thriving shoreline community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,160,531

  6.5%

  $1,994,336

  7%

  $1,851,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,707,465

  Geo Method

  $1,707,465

• Alternative Use

  Use

  Valuation

  Residential

  $2,472,977

  Hospitality

  $2,265,234

  Educational

  $1,884,648

  Medical

  $1,949,464

  Retail

  $2,931,674

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2775

Longitude

-72.8232

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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