73 Main StWoodbury, CT 06798

Property Details for 73 Main St

Year built

1940

Construction

FRAME

Property size (Sq ft)

2,588 SF

Zone code

MSD

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WOOD M:105 B:143-#1A

APU

WOODM105B1431A

Description

This 3,749 square foot, two-story building at 73 Main St S, Woodbury, CT 06798, offers multiple executive office suites and retail space. Built in 1940 and renovated in 1998, the property features 1,800 square feet of vacant space divisible into units as small as 180 square feet, with a maximum contiguous space of 1,325 square feet. The building includes twelve parking spaces. One existing tenant occupies 350 square feet of office space. A vacant 540 square foot bullpen area is also available. A 1,325 square foot executive suite is available, comprising a 450 square foot reception area (with client bathroom), three offices (300, 285, and 267 square feet), and a 105 square foot storage/network room. One office includes a bathroom with a shower. The building is zoned MSD (Main Street Design District) and enjoys high visibility on a busy Route 6 corridor with convenient I-84 access. The property is located in the North Woodbury submarket of the Main Street Design District. Ceiling height is 8 feet. Building use approval from Woodbury is required.

• CAP approach

  CAP return

  Valuation

  6%

  $427,874

  6.5%

  $394,960

  7%

  $366,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,148

  Geo Method

  $338,148

• Alternative Use

  Use

  Valuation

  Residential

  $489,751

  Hospitality

  $448,609

  Educational

  $373,238

  Medical

  $386,074

  Retail

  $580,592

Location Insight

City

Woodbury

County

Litchfield

State

Connecticut

Latitude

41.5469

Longitude

-73.2074

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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