264 Main StWoodbury, CT 06798

  • Office properties
  • 4,155 SF
For Sale
$1,195,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
264 Main St, Woodbury, Connecticut

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

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
$10,733
$91,090
$278,250
$369,340
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-
-
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