50 Boston Post RdOrange, CT 06477

Property Details for 50 Boston Post Rd

Year built

1998

Construction

CONCRETE

Lot size

7.51 AC

Property size (Sq ft)

64,118 SF

Zone code

C-1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

ORAN M:56 B:3 L:3

APU

ORANM56B3L3

Description

This exceptional investment opportunity presents a 61,120-square-foot retail property situated on a 7.51-acre lot in Orange, Connecticut. The property, built in 1990 and renovated in 1990, boasts a Class B designation and features a single, one-story building with two tenants under long-term, triple-net (NNN) leases. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $850,450, resulting in an attractive 7.73% capitalization rate. The asking price is $11,000,000, translating to a price per square foot of $179.97. Strategically located on 50 Boston Post Road (Route 1), a major retail corridor with high traffic volume (20,838 average daily traffic), this property benefits from excellent visibility and accessibility. Ample parking is available to accommodate the clientele of the two tenants: a regional fitness club and a national musical instrument retailer. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime location. The property's strong tenant mix, long-term leases, and high NOI make it an ideal addition to any investment portfolio. The property's location offers easy access to Interstate 95, further enhancing its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $15,582,912

  6.5%

  $14,384,227

  7%

  $13,356,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,111,698

  Geo Method

  $21,111,698

• Alternative Use

  Use

  Valuation

  Residential

  $12,133,633

  Hospitality

  $11,114,343

  Educational

  $9,247,003

  Medical

  $9,565,022

  Retail

  $14,384,227

Location Insight

City

Orange

County

New Haven

State

Connecticut

Latitude

41.2792

Longitude

-72.9846

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].