330 Main StCheshire, CT 06410

Property Details for 330 Main St

Year built

1974

Construction

FRAME

Lot size

2.30 AC

Property size (Sq ft)

8,054 SF

Zone code

R-20A

Property type

Office properties

Property subtype

Office buildings

APN

CHES M:64 B:291 L:

APU

CHESM64B291L

Description

This exceptional commercial property, located at 330 S Main St, Cheshire, CT 06410, presents a unique investment opportunity. The 8,054 square foot building, constructed in 1974 and renovated in 1992, sits on a generous 2.3-acre lot zoned R-20A. Currently configured as a single-unit, two-story office building, the property offers significant flexibility for a variety of uses. Its prime location at a signalized intersection, adjacent to a new 50,000 square foot medical facility, ensures high visibility and accessibility. The property boasts ample parking and is ideally suited for a restaurant, drive-thru, or professional office space. Its proximity to I-691 and I-84 provides excellent access to major transportation arteries. The building is available for sale by owner, with an asking price of $1,750,000 and an occupancy date of September 1, 2024. This property represents a compelling investment opportunity in a thriving, densely populated community with significant growth potential. The property's versatile floor plan and strategic location make it an attractive option for a wide range of businesses seeking high visibility and convenient access. This is a net lease investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,331,567

  6.5%

  $1,229,138

  7%

  $1,141,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,052,336

  Geo Method

  $1,052,336

• Alternative Use

  Use

  Valuation

  Residential

  $1,524,132

  Hospitality

  $1,396,096

  Educational

  $1,161,536

  Medical

  $1,201,483

  Retail

  $1,806,834

Location Insight

City

Cheshire

County

New Haven

State

Connecticut

Latitude

41.4935

Longitude

-72.9028

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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