264 Main StWoodbury, CT 06798

Property Details for 264 Main St

Year built

1880

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

4,155 SF

Zone code

MSD

Property type

Office buildings

APN

WOOD M:104 B:013

APU

WOODM104B013

Description

This exceptional mixed-use property, located at 264 Main Street South in Woodbury, Connecticut, presents a unique investment opportunity. The historically registered landmark building boasts 4,155 square feet of net rentable space, perfectly suited for medical or professional office use. A complete renovation was undertaken in 2018/2019, ensuring modern functionality within a charming historic structure. The main floor offers ample space for a thriving practice, featuring 10-foot ceilings. Convenient on-site parking is available for staff and clients. The property sits on a 0.4-acre lot and is zoned MSD. Adding to its versatility, a second-floor apartment offers approximately 900 square feet of space, providing options for a live-work arrangement, additional rental income, or the potential for expansion of the office space. This two-story building, constructed in 1880, combines the allure of a historic landmark with the practicality of a recently renovated space. The property's prime location on Main Street in Woodbury, Connecticut (zip code 06798), offers excellent visibility and accessibility. This is a rare opportunity to acquire a beautifully restored building with significant potential in a desirable Connecticut town. The asking price is $1,195,000.

• CAP approach

  CAP return

  Valuation

  6%

  $686,946

  6.5%

  $634,104

  7%

  $588,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,892

  Geo Method

  $542,892

• Alternative Use

  Use

  Valuation

  Residential

  $786,288

  Hospitality

  $720,236

  Educational

  $599,228

  Medical

  $619,836

  Retail

  $932,132

Location Insight

City

Woodbury

County

Litchfield

State

Connecticut

Latitude

41.5419

Longitude

-73.2092

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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