142 Main StSouthbury, CT 06488

Property Details for 142 Main St

Year built

1900

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

4,105 SF

Zone code

B-3A

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SBUR M:35 B:32 L:5

APU

SBURM35B32L5

Description

This exceptional mixed-use commercial property, located at 142 Main Street North in Southbury, Connecticut, presents a compelling investment opportunity. The property boasts a highly visible location directly on heavily trafficked Route 6, adjacent to Southbury Plaza and conveniently near I-84 Exit 15, ensuring significant exposure to potential customers. The building encompasses approximately 4,105 square feet, distributed across two stories. The first floor offers approximately 2,961 square feet of commercial space, ideal for a variety of businesses. The second floor comprises approximately 1,144 square feet, previously planned as an apartment, currently requiring repairs and updates. An additional 831 square feet of unfinished space is located in a three-quarter story back room, though not officially recognized as living space by the town. The property sits on a 0.32-acre lot and is zoned B3A, allowing for a wide range of permitted uses, providing flexibility for owner-occupiers or investors. The asking price is $795,000, translating to $193.67 per square foot. This presents a unique chance to acquire a well-situated property with significant potential in a thriving Connecticut town. The property's prime location and flexible zoning make it an attractive prospect for a diverse range of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $997,658

  6.5%

  $920,915

  7%

  $855,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,351,625

  Geo Method

  $1,351,625

• Alternative Use

  Use

  Valuation

  Residential

  $776,827

  Hospitality

  $711,569

  Educational

  $592,017

  Medical

  $612,377

  Retail

  $920,915

Location Insight

City

Southbury

County

New Haven

State

Connecticut

Latitude

41.4805

Longitude

-73.2127

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].