This exceptional 3.63-acre commercial property at 1000 Southford Road in Middlebury, Connecticut, presents a unique investment opportunity. Currently zoned Com-Ind, the site boasts pre-approved plans for a 12,000 square foot building, complete with a full basement. This versatile property offers significant potential for various commercial uses, including executive office space, as evidenced by its existing approvals. The asking price is $900,000, translating to a competitive price per square foot of $75. The property's strategic location at Exit 16, conveniently situated on the Middlebury-Southbury line, ensures high visibility and accessibility. Ample parking is available with 72 spaces provided. Past approvals for a fuel station, convenience store, and car wash further highlight the development potential of this site. The property's multi-tenancy suitability allows for diverse income streams and flexible development options. This is a rare opportunity to acquire a substantial commercial property in a prime location with a proven track record of approvals, making it ideal for both investors and developers seeking a high-return investment in a thriving Connecticut market. The property's 12,000 square foot potential building size, combined with its expansive lot and convenient location, makes it a truly compelling proposition. Don't miss this chance to secure a piece of Middlebury's vibrant commercial landscape. The property is located in New Haven County, Connecticut, with a zip code of 06762.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$29,923,056
Hospitality
$27,409,358
Educational
$22,804,264
Medical
$23,588,538
Retail
$35,473,300
Location Insight
City
Middlebury
County
New Haven
State
Connecticut
Latitude
41.5007
Longitude
-73.1571
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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