197 Main StBranford, CT 06405

  • Mixed-use properties
  • 0.30 AC
For Sale
$1,150,000 View listing

Property Details for 197 Main St

Lot size
0.30 AC
Property type
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
197 Main St, Branford, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,979
$103,200
$130,300
$233,500
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-
-
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