275 Highland AveCheshire, CT 06410

Property Details for 275 Highland Ave

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.76 AC

Property size (Sq ft)

62,955 SF

Zone code

C-2

Property type

Grocery and convenience stores

APN

CHES M:57 B:251 L:

APU

CHESM57B251L

Description

This exceptional retail opportunity is located inside a high-traffic Stop & Shop grocery store, offering unparalleled visibility and access to thousands of weekly customers. The 475 square foot space boasts a prime, front-of-store location, ensuring maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying budgeting. Branding opportunities include both interior and exterior signage. This "Store-Within-A-Store" concept is situated in a thriving trade area with a desirable customer base. Ideal for businesses such as financial institutions, service businesses (e.g., pack & ship, repair services, dry cleaning), health and wellness providers (e.g., optical, chiropractors, weight management), insurance agencies, and real estate offices. Prohibited uses include food and beverage services, restaurants, and smoke shops. This location offers a unique chance to establish your business within a well-known and trusted grocery store environment in New Haven County, Connecticut. The space is currently vacant and ready for immediate occupancy. Multiple similar opportunities exist throughout Connecticut and New Jersey.

• CAP approach

  CAP return

  Valuation

  6%

  $15,300,263

  6.5%

  $14,123,319

  7%

  $13,114,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,728,764

  Geo Method

  $20,728,764

• Alternative Use

  Use

  Valuation

  Residential

  $11,913,548

  Hospitality

  $10,912,746

  Educational

  $9,079,277

  Medical

  $9,391,527

  Retail

  $14,123,319

Location Insight

City

Cheshire

County

New Haven

State

Connecticut

Latitude

41.5059

Longitude

-72.9015

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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