This exceptional multi-tenant industrial property, encompassing 156,000 square feet, presents a unique investment opportunity. Buildings 3 & 4 at 500 BIC Drive offer flexible spaces ranging from a minimum of 53,593 contiguous square feet up to the entire 156,000 square feet. The two-story Class B building, constructed in 1978, boasts a 0.44 building floor area ratio and sits on a substantial 32.74 acres of land. The property features a 16-foot ceiling height, ideal for various manufacturing or warehousing needs. Loading capabilities include one loading dock equipped with a mechanical levelator and one drive-in door. Ample parking is provided with 585 spaces available, along with trailer parking. The building is fully sprinklered and offers gas-fired heating and full air conditioning. Power is supplied by a 600-amp, 277-480V 3-phase system. The property is zoned MDD and is conveniently located less than one mile from Exit 35 of I-95, offering excellent access to major transportation routes. On-site amenities include a full-service cafeteria for tenant convenience. This property is perfect for a variety of uses, including warehouse, manufacturing, and research and development. The available space is immediately ready for occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$141,080,784
Hospitality
$129,229,240
Educational
$107,517,216
Medical
$111,214,896
Retail
$167,248,992
Location Insight
City
Milford
County
New Haven
State
Connecticut
Latitude
41.2195
Longitude
-73.1006
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, 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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