25 Main StClinton, CT 06413

Property Details for 25 Main St

Year built

1880

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

1,860 SF

Zone code

B-3

Property type

Investment properties

Property subtype

Live-work space

APN

CLIN M:56 B:60 L:10

APU

CLINM56B60L10

Description

This exceptional 9,271 square foot commercial property, situated at 25 W Main Street in Clinton, CT, presents a unique investment opportunity. Boasting a prominent location on the main retail thoroughfare of Route 1, this 0.39-acre lot offers 283 feet of frontage, ensuring maximum visibility and accessibility. The property benefits from a high daily traffic count of 7,600 vehicles, guaranteeing significant exposure to potential customers. Its strategic location provides easy access to Interstate 95, just 0.8 miles or a three-minute drive away, and is conveniently close to local marinas and waterfront attractions. The building itself showcases a modern architectural design, incorporating high-end building materials, reflecting quality and durability. The versatile floor plan offers significant potential for various commercial uses. The zoning designation is B-2, allowing for a range of business types. Furthermore, the existing structure presents the possibility of developing a second floor into additional apartment units or office space, expanding the property's income potential and overall value. This property is ideally suited for businesses seeking a high-profile location with excellent visibility and convenient access to major transportation routes and recreational amenities. The combination of prime location, substantial size, and versatile zoning makes this an exceptional opportunity for a discerning investor or business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $307,514

  6.5%

  $283,859

  7%

  $263,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,028

  Geo Method

  $243,028

• Alternative Use

  Use

  Valuation

  Residential

  $351,985

  Hospitality

  $322,416

  Educational

  $268,246

  Medical

  $277,472

  Retail

  $417,272

Location Insight

City

Clinton

County

Middlesex

State

Connecticut

Latitude

41.2788

Longitude

-72.5256

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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