175 Constitution BlvdShelton, CT 06484

Property Details for 175 Constitution Blvd

Year built

1999

Lot size

5.23 AC

Property size (Sq ft)

19,992 SF

Zone code

LIP1

Property type

Office buildings

APN

SHEL M:79 L:8

APU

SHELM79L8

Description

This exceptional 19,992 square foot industrial property, located at 175 Constitution Blvd. South in Shelton, Connecticut, offers a unique blend of office and warehouse space, ideal for owner-occupiers. Built in 1999, the single-story building sits on a 5.23-acre lot and features a 12 to 16-foot ceiling height. The property includes one loading dock, ample parking for 41 vehicles, and is zoned LIP1. The asking price is $3,000,000, translating to $150.06 per square foot. This versatile space caters to diverse business needs, offering a seamless integration of office and warehouse functionalities. A key advantage is the on-site generator, ensuring uninterrupted power to the entire building. This presents a rare opportunity to acquire a functional and adaptable property with significant growth potential in a desirable location within Fairfield County, zip code 06484. The property's combination of office and warehouse space, along with the loading dock, makes it an attractive option for businesses requiring both operational and administrative areas. The substantial lot size also allows for future expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,305,275

  6.5%

  $3,051,023

  7%

  $2,833,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,612,155

  Geo Method

  $2,612,155

• Alternative Use

  Use

  Valuation

  Residential

  $3,783,268

  Hospitality

  $3,465,454

  Educational

  $2,883,216

  Medical

  $2,982,375

  Retail

  $4,485,004

Location Insight

City

Shelton

County

Fairfield

State

Connecticut

Latitude

41.2968

Longitude

-73.0898

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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