199 Park Road ExtMiddlebury, CT 06762

Property Details for 199 Park Road Ext

Year built

1942

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

50,018 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MIDD M:4-10 L:0 U:140A

APU

MIDDM410L0U140A

Description

This exceptional Middlebury, CT industrial property at 199 Park Road Extension offers a total of 278,000 square feet of flexible space, ideal for a variety of uses. The single-story building, constructed in 1985, sits on a generous 29.87-acre lot and boasts a remarkable 15'3" clear ceiling height. The property is available for multiple tenants, with spaces ranging from a minimum of 20,000 square feet to a maximum contiguous space of 125,000 square feet. This presents a unique opportunity for businesses seeking adaptable warehouse, distribution, or flex space in a prime location. The property's size and layout offer significant potential for customization to meet specific operational needs. Its strategic location in Middlebury, CT, provides easy access to major transportation routes, ensuring efficient logistics and distribution capabilities. The ample lot size also allows for convenient loading, unloading, and ample parking. This is a rare opportunity to secure a substantial and versatile industrial space in a thriving Connecticut market. Contact us today to learn more about leasing options and explore the possibilities this property offers. The property is zoned for industrial use.

• CAP approach

  CAP return

  Valuation

  6%

  $12,156,120

  6.5%

  $11,221,034

  7%

  $10,419,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,469,087

  Geo Method

  $16,469,087

• Alternative Use

  Use

  Valuation

  Residential

  $9,465,362

  Hospitality

  $8,670,221

  Educational

  $7,213,522

  Medical

  $7,461,606

  Retail

  $11,221,034

Location Insight

City

Middlebury

County

New Haven

State

Connecticut

Latitude

41.5564

Longitude

-73.1009

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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