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    468 Westminster Rd Canterbury, CT 06331

    For Sale
    $2,500,000

    7-Acre Storage Complex, High ROI Potential

    Property size:
    20,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a well-maintained, income-generating storage facility located at 468 Westminster Road, Canterbury, CT. The property encompasses a substantial 7.19 acres of land and features a total of 190 storage units, strategically distributed across ten separate buildings. Ten of these units are climate-controlled, each measuring 10x20 feet, catering to a diverse range of storage needs. The facility boasts a convenient on-site office, facilitating efficient management and customer service. Security is ensured with a gated entrance, providing 24/7 access for tenants. The expansive 7.19-acre lot offers significant potential for future expansion, allowing for the addition of more storage units or the exploration of complementary business ventures. The property's 20,000 square feet of existing space, combined with the ample land for development, presents a compelling proposition for investors seeking strong returns and long-term growth. The asking price for this turnkey operation is $2,500,000. This prime Canterbury location offers excellent accessibility and visibility, making it an attractive investment in a thriving market. The current configuration and operational efficiency of the facility make it immediately profitable, with significant upside potential for future development.

    Property Features for 468 Westminster Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,000 SF
    Lot Size
    313,196 SF

    Building Details

    Year Built
    2004
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Canterbury Mini Storage Self-Storage Facility

    Suggested Use

    Realty agency Wholesale Shop Storage Facility HVAC Service Computer & Electronic Repair Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canterbury
    County
    Windham
    State
    Connecticut
    Longitude
    -72.02947
    Latitude
    41.70901

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    FAQs

    What type of property is this?
    Commercial real estate - 7-Acre Storage Complex, High ROI Potential
    Where is this commercial real estate located?
    The property is located at 468 Westminster Rd Canterbury, CT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (860) 774-2733
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    468 Westminster Rd Canterbury, CT 06331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    468 Westminster Rd Canterbury, CT 06331
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