600 Prospect StNaugatuck, CT 06770

Property Details for 600 Prospect St

Year built

1960

Construction

FRAME

Lot size

1.05 AC

Property size (Sq ft)

8,320 SF

Zone code

R30

Property type

Retail space

APN

NAUG M:032 L:3900

APU

NAUGM032L3900

Description

This exceptional 8,320-square-foot warehouse, located at 600 Prospect Street in Naugatuck, Connecticut, presents a significant opportunity for businesses seeking versatile commercial space. Built in 1960 and extensively renovated in 2005, the property boasts a two-story structure with a 9-foot ceiling height throughout. The entire 8,320 square feet is currently vacant, offering immediate occupancy for a single large tenant or the potential for multiple smaller tenants. Situated on a 1.05-acre lot, the property provides ample space for loading, unloading, and storage. The building is zoned for commercial use and features 30 parking spaces for employees and clients. The electrical service is robust, with 200 amps available. This property is conveniently located in New Haven County, Connecticut, with easy access to major transportation routes (specific details not provided). The property's combination of size, location, and recent renovations makes it an attractive option for a variety of industrial and retail businesses. The property is ready for immediate occupancy. The zip code is 06770.

• CAP approach

  CAP return

  Valuation

  6%

  $2,022,050

  6.5%

  $1,866,508

  7%

  $1,733,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,739,470

  Geo Method

  $2,739,470

• Alternative Use

  Use

  Valuation

  Residential

  $1,574,469

  Hospitality

  $1,442,206

  Educational

  $1,199,898

  Medical

  $1,241,164

  Retail

  $1,866,508

Location Insight

City

Naugatuck

County

New Haven

State

Connecticut

Latitude

41.5061

Longitude

-73.0267

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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