984 Southford RdMiddlebury, CT 06762
- Office properties
- 32,260 SF
Property Details for 984 Southford Rd
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.91 AC
- Property size (Sq ft)
- 32,260 SF
- Zone code
- GI40
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- MIDD M:8-04 L:009
- APU
- MIDDM804L009
Description
This exceptional executive office building, located at 984 Southford Rd in Middlebury, Connecticut (zip code 06762), offers 2,650 square feet of versatile space in a single, well-maintained building. Built in 1988, the property boasts a Class B rating and sits on a generous 8.06-acre lot, providing ample parking with 86 spaces. The building features a 9-foot ceiling height and is conveniently located just half a mile from I-84, ensuring easy access for commuters. The zoning is Gateway Industrial. The interior layout is highly functional, including multiple private offices, a conference room, reception and waiting areas, a kitchenette, and a large bullpen area. Flexible lease options are available, ranging from smaller private office suites (approximately 150 sq ft) to the entire 2,500+ sq ft building. Utilities are included in the lease rate for smaller suites. Larger space lease rates are $14.00 per square foot, plus CAMs. Power is supplied by Eversource. This property presents a unique opportunity for businesses seeking a professional and convenient office space in a desirable location. The entire 2,650 square feet is currently vacant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,333,542
- 6.5%
- $4,923,269
- 7%
- $4,571,607
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,215,092
- Geo Method
- $4,215,092
-
Alternative Use
- Use
- Valuation
- Residential
- $6,104,854
- Hospitality
- $5,592,013
- Educational
- $4,652,490
- Medical
- $4,812,496
- Retail
- $7,237,206
Location Insight
- City
- Middlebury
- County
- New Haven
- State
- Connecticut
- Latitude
- 41.5014
- Longitude
- -73.1557
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].