This exceptional 1,764 square foot commercial building, completely rebuilt in 2003, enjoys a superb location on Main Street in Durham, CT, boasting prime traffic exposure on Route 17 with a daily traffic count of 16,000 vehicles. The property features three versatile office suites, ideal for a variety of businesses. The main floor encompasses 1,008 square feet, while the upper floor houses two additional suites, each with its own separate meter, half bathroom, and private, locking entrance. Access to the second floor is provided by two convenient staircases. The building benefits from abundant natural light and spacious layouts. Situated on a half-acre flat lot, the property includes a charming stone patio, ample grassy space, and currently offers 12 parking spaces with room for expansion. Infrastructure includes a well and septic system (1000-gallon tank), with the potential for public water hookup. Additional features include excellent storage, attractive windows, air conditioning, and propane hot air heating. Seller financing may be an option. This is a truly remarkable opportunity to establish or expand your business in a thriving Durham location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$428,714
6.5%
$395,736
7%
$367,469
Comparable approach
Method
Valuation
Relative Method
$580,820
Geo Method
$580,820
Alternative Use
Use
Valuation
Residential
$333,818
Hospitality
$305,775
Educational
$254,401
Medical
$263,151
Retail
$395,736
Location Insight
City
Durham
County
Middlesex
State
Connecticut
Latitude
41.4907
Longitude
-72.6813
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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