50 Waterbury RdProspect, CT 06712

Property Details for 50 Waterbury Rd

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.16 AC

Property size (Sq ft)

15,040 SF

Zone code

B

Property type

Retail space

APN

PROS M:109 B:160 L:50

APU

PROSM109B160L50

Description

This exceptional executive office suite, located at 50 Waterbury Road in Prospect, Connecticut, offers 570 square feet of move-in ready space within a larger 15,000 square foot building. The single-tenant occupancy provides privacy and control, ideal for a small business or professional seeking a prestigious address. The suite boasts a 9-foot ceiling height, contributing to a spacious and comfortable work environment. Ample parking is available on the 5.16-acre lot, ensuring convenient access for employees and clients. The property is zoned B and is located in New Haven County, offering easy access to major transportation routes. The building's electrical service is a robust 200 amps, providing sufficient power for modern office equipment and technology. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located, and professionally appointed office space in a desirable Connecticut town. The zip code is 06712. The property is currently available for lease. This executive office suite presents a unique opportunity to establish a thriving business in a prime location. The building's size and ample parking provide a professional and welcoming atmosphere for clients and employees alike. The convenient location and robust power supply make this an ideal space for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,655,245

  6.5%

  $3,374,072

  7%

  $3,133,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,952,118

  Geo Method

  $4,952,118

• Alternative Use

  Use

  Valuation

  Residential

  $2,846,156

  Hospitality

  $2,607,064

  Educational

  $2,169,046

  Medical

  $2,243,643

  Retail

  $3,374,072

Location Insight

City

Prospect

County

New Haven

State

Connecticut

Latitude

41.5119

Longitude

-72.9813

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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