694 Main StPlymouth, CT 06782

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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