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    195-199 Main St Salisbury, CT 06068

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $2,020,000

    The National Iron Bank Portfolio For Sale

    Property size:
    8,931 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    274
    The National Iron Bank Portfolio For Sale, located at 195-199 Main Street in Salisbury, Connecticut.

    Lot Area
    2.55 acres

    Year Built: 1930

    Floors: 1, 2

    • Max Contiguous Area: 8931.0

    Property Features for 195-199 Main St

    General Information

    Property type
    Bank owned properties
    Square Feet
    8,931 SF
    Elevators
    N/A
    Lot Size
    111,078 SF

    Building Details

    Year Built
    1930
    Buildings
    2
    Stories
    1
    Location Intelligence

    Current Use by Public Records

    Bank owned properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    State
    Connecticut
    Longitude
    -72.769313
    Latitude
    41.641079

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    FAQs

    What type of property is this?
    Bank owned property - The National Iron Bank Portfolio For Sale
    Where is this bank owned property located?
    The property is located at 195-199 Main St Salisbury, CT.
    What is the asking price?
    The asking price for this property is $2,020,000.
    (203) 470-7066
    Request Owner's contact information
    195-199 Main St Salisbury, CT 06068
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    Salisbury, CT 06068
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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
    195-199 Main St Salisbury, CT 06068
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