264 Main StWoodbury, CT 06798
- Office properties
- 4,155 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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