1 Sherman Hill RdWoodbury, CT 06798
- Retail properties
- 13,020 SF
Property Details for 1 Sherman Hill Rd
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.53 AC
- Property size (Sq ft)
- 13,020 SF
- Zone code
- MQ-A
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- WOOD M:102 B:028A
- APU
- WOODM102B028A
Description
This two-story, 12,524-square-foot Class B office building at 1 Sherman Hill Rd., Woodbury, CT, offers multiple leasing options. Currently, 6,134 square feet are available, divisible into units ranging from 347 to 4,402 square feet. The building features a mix of traditional, medical, and creative office spaces, ideal for various professional uses. One first-floor suite (4,402 sq ft) is a former bank with a drive-thru. Other available spaces include 1,029 sq ft, 356 sq ft, and 347 sq ft. Monthly lease rates vary depending on the suite size, ranging from approximately $577 to $7,318, plus utilities. Some suites include utilities in the lease price. The property boasts ample parking, an excellent location with high visibility on Main St. S. and Sherman Hill Rd. (average daily traffic: 19,600 vehicles), and great signage opportunities. Built in 1974, the building has an 8-foot ceiling height, one elevator, and is situated on a 3.53-acre lot. Property taxes are $2.71 per square foot. The zoning is MQ-A. This is a fantastic opportunity for businesses seeking a well-located, versatile office space in Woodbury, CT.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,164,314
- 6.5%
- $2,920,906
- 7%
- $2,712,270
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,287,007
- Geo Method
- $4,287,007
-
Alternative Use
- Use
- Valuation
- Residential
- $2,463,893
- Hospitality
- $2,256,913
- Educational
- $1,877,725
- Medical
- $1,942,303
- Retail
- $2,920,906
Location Insight
- City
- Woodbury
- County
- Litchfield
- State
- Connecticut
- Latitude
- 41.5286
- Longitude
- -73.2024
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].