454 Main StDurham, CT 06422

Property Details for 454 Main St

Year built

2003

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

1,764 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

DURH P0181500

APU

DURHP0181500

Description

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.

• 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

Property Tax & Assessments

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