700 Johnson AveCheshire, CT 06410

  • Office properties
  • 39,329 SF
For Lease
$18.50/SF/YR View listing

Property Details for 700 Johnson Ave

Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
5.88 AC
Property size (Sq ft)
39,329 SF
Zone code
I-2
Property type
Office properties
Property subtype
Office buildings
APN
CHES M:2 B:10 L:
APU
CHESM2B10L

Description

This prestigious three-story Class A office building, located at 700 West Johnson Avenue in Cheshire, Connecticut (06410), offers a variety of executive office suites for lease. The 36,000 square foot building sits on a 5.88-acre lot and is conveniently situated off I-84 and I-691, providing easy access to I-91. Multiple tenancies are available, ranging from a minimum of 445 square feet to a maximum contiguous space of 7,233 square feet. Currently, 23,062 square feet of space is vacant. Available spaces include first-floor options of 5,000 and 1,000 square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,502,258
    6.5%
    $6,002,084
    7%
    $5,573,364
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,138,727
    Geo Method
    $5,138,727
  • Alternative Use

    Use
    Valuation
    Residential
    $7,442,585
    Hospitality
    $6,817,368
    Educational
    $5,671,970
    Medical
    $5,867,038
    Retail
    $8,823,065
700 Johnson Ave, Cheshire, Connecticut

Location Insight

City
Cheshire
County
New Haven
State
Connecticut
Latitude
41.5585
Longitude
-72.9173
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
$49,126
$282,110
$1,117,890
$1,400,000
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-
-
-

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