775 Main StSouthbury, CT 06488

  • Commercial real estate
  • 20.50 AC

Property Details for 775 Main St

Lot size
20.50 AC
Zone code
PDD-8
Property type
Commercial real estate
APN
SBUR M:30 B:57 L:6
APU
SBURM30B57L6

Description

Southbury Green, located at 775 Main Street South in Southbury, Connecticut (zip code 06488), presents a compelling retail and restaurant investment opportunity. This 156,128 square foot multi-tenant strip center boasts five suites, with 17,647 square feet currently vacant. The property offers flexible space options, with a minimum divisible space of 1,543 square feet and a maximum contiguous space of 9,000 square feet, catering to a variety of business needs. Its prime location on Main Street ensures high visibility and accessibility, attracting a substantial customer base. The area is characterized by an affluent demographic and a diverse mix of established national lifestyle retailers, creating a synergistic and thriving commercial environment. New Haven County provides a strong economic foundation for this property, making it an attractive investment for both established businesses and new ventures seeking a strategic location within a successful retail corridor. The property's strategic location and flexible space options make it ideal for a range of retail and restaurant concepts. This is a rare opportunity to secure a prominent presence in a highly desirable Southbury location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $168,986,736
    Hospitality
    $154,790,944
    Educational
    $128,784,248
    Medical
    $133,213,336
    Retail
    $200,331,056

Location Insight

City
Southbury
County
New Haven
State
Connecticut
Latitude
41.4624
Longitude
-73.2311
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$543,630
$9,606,700
$14,554,620
$24,161,320
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