1000 Southford RdMiddlebury, CT 06762

  • Land
  • 3.63 AC
For Sale
$900,000 View listing

Property Details for 1000 Southford Rd

Lot size
3.63 AC
Zone code
GI40
Property type
Land
Property subtype
Other industrial land
APN
MIDD M:8-04 L:008
APU
MIDDM804L008

Description

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
1000 Southford Rd, Middlebury, Connecticut

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

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
$6,294
$195,100
-
$195,100
-
-
-
-

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