742 Amity RdBethany, CT 06524

Property Details for 742 Amity Rd

Year built

1975

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

2,092 SF

Zone code

B&I

Property type

Turn key restaurants

APN

BETH M:117 B:10

APU

BETHM117B10

Description

This exceptional commercial property at 742 Amity Road in Bethany, Connecticut presents a unique investment opportunity. The 1,200 square foot building sits on a desirable 0.63-acre corner lot and is currently available for purchase at $824,900. Previously home to a successful ice cream parlor and marketplace, this turnkey operation offers immediate potential for a new owner to capitalize on an established Bethany business. The building and equipment are in excellent condition, making it ready for immediate occupancy and operation. The property's prime location and existing infrastructure provide a significant advantage for a variety of businesses. However, the seller is also open to build-to-suit options for alternative uses, including office space, medical practices, or other retail establishments. This flexibility makes this property an attractive option for a wide range of potential buyers seeking a move-in ready space or a customized solution to meet their specific business needs. The 0.63-acre lot provides ample space for expansion or outdoor amenities, further enhancing the property's value and appeal. This is a rare opportunity to acquire a well-maintained commercial property in a thriving Connecticut community. Don't miss out on this chance to own a piece of Bethany's vibrant business landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $508,429

  6.5%

  $469,319

  7%

  $435,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,819

  Geo Method

  $688,819

• Alternative Use

  Use

  Valuation

  Residential

  $395,888

  Hospitality

  $362,632

  Educational

  $301,705

  Medical

  $312,081

  Retail

  $469,319

Location Insight

City

Bethany

County

New Haven

State

Connecticut

Latitude

41.4405

Longitude

-72.9904

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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