694 Main StPlymouth, CT 06782

  • Mixed-use properties
  • 3,335 SF
For Lease
$18,300/SF/YR View listing

Property Details for 694 Main St

Year built
1900
Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
3,335 SF
Zone code
C
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
PLYM M:035 B:015 L:081
APU
PLYMM035B015L081

Description

This exceptional 3,800 square foot, two-story commercial building presents a prime retail leasing opportunity in the SE Litchfield County submarket. The property, located at 694 Main Street, boasts a highly visible location next to the Plymouth Post Office on Route 6, ensuring maximum exposure. Currently, 1,748 square feet of retail space is available for lease at a monthly rate of $1,525, plus utilities. This former beauty salon features an inviting, bright interior with natural light from three sides. The space includes two private rooms, a handicap-accessible bathroom, and an employee break room with washer/dryer hookups. The convenient rear exit opens directly onto a parking lot with 10 spaces for both clients and staff. The property sits on 1.4 acres of land and is zoned C, offering a multitude of potential uses, including but not limited to: hair salon, nail salon, liquor store, convenience store, professional office (attorney, insurance, etc.). The building, constructed in 1900, is classified as Class B and offers excellent access to Route 8, less than a mile away in Thomaston, CT, just north of Waterbury. This is a rare opportunity to secure a well-located, versatile retail space in a thriving area. The APN is PLYM-000016-001300.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $551,375
    6.5%
    $508,962
    7%
    $472,607
  • Comparable approach

    Method
    Valuation
    Relative Method
    $435,751
    Geo Method
    $435,751
  • Alternative Use

    Use
    Valuation
    Residential
    $631,112
    Hospitality
    $578,096
    Educational
    $480,969
    Medical
    $497,510
    Retail
    $748,174
694 Main St, Plymouth, Connecticut

Location Insight

City
Plymouth
County
Litchfield
State
Connecticut
Latitude
41.6722
Longitude
-73.0522
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN 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
$4,700
$40,600
$84,070
$124,670
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