999 Foxon RdNorth Branford, CT 06471

Property Details for 999 Foxon Rd

Year built

1988

Construction

STEEL FRAME

Property size (Sq ft)

646 SF

Property type

Office properties

Property subtype

Other office properties

APN

NBRA M:25 B:8 L:14

APU

NBRAM25B8L14

Description

This exceptional medical office building, located at 999 Foxon Road in North Branford, Connecticut, offers a prime opportunity for medical professionals. The two-story Class B building boasts 29,432 square feet of space, with 6,000 square feet currently vacant. Units range from a minimum of 600 square feet to a maximum contiguous space of 5,000 square feet, making it ideal for practices of various sizes. The property sits on 2.86 acres of land in a high-traffic area of New Haven County, within the bustling Twin Lake Commons commercial center. Its strategic location on Route 80, between Routes 22 and 139, ensures excellent visibility and accessibility. The building features two elevators, four common bathrooms, and 11-foot ceilings. Recent upgrades include a new roof, sidewalks, exterior lighting, and a fresh coat of paint. The building is fully sprinklered, providing a safe and secure environment. The vibrant commercial center includes diverse businesses, creating a thriving atmosphere with ample parking. This is a rare opportunity to establish or expand your medical practice in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $106,803

  6.5%

  $98,587

  7%

  $91,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $84,406

  Geo Method

  $84,406

• Alternative Use

  Use

  Valuation

  Residential

  $122,248

  Hospitality

  $111,979

  Educational

  $93,165

  Medical

  $96,369

  Retail

  $144,924

Location Insight

City

North Branford

County

New Haven

State

Connecticut

Latitude

41.33

Longitude

-72.7891

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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