984 Southford RdMiddlebury, CT 06762

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 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.

• 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

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