348 Surf Ave Stratford, CT 06615

Listing agency Angel Commercial LLC Show Phone

Listed by Jon Angel · License #REB.0755898

Source Crexi

Added: Jul 31, 2023 Updated: Jul 6 at 8:22AM Checked: Jul 21 at 5:39AM

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Investment Insights

Based on property information with market context.

This portfolio presents a commercial development opportunity on 1.14 acres with highway visibility. Located in a Designated Opportunity Zone, the purchaser of this portfolio may be eligible for capital gains tax benefits. Comprised of five adjacent properties in a Light Industrial District (MA) Zone, the Surf Avenue portfolio includes three parcels of vacant land and two parcels that have building structures in need of demolition: a 3,305 SF warehouse and a 1,200 SF garage at 348 Surf Avenue, and a 1,064 SF residential home at 376 Surf Avenue. The portfolio boasts 381 linear feet of frontage along Surf Avenue. Its location provides accessibility and is near the FedEx Ship Center, UPS, Dunkin', Raymour & Flanigan Distribution Center, and the Amazon Delivery Station. The Coastal Link Bus Stop located at Stratford Avenue and Surf Avenue is 0.6 miles away, and Sikorsky Memorial Airport is 2.1 miles away.

Key Highlights

• 1.14 acre development opportunity in a designated opportunity zone (potential capital gains tax benefits).
• Highway visibility with 381 linear feet of frontage on Surf Avenue.
• Strategic location: Just off I‑95 Exit 30, offering excellent accessibility.

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FAQs

What type of property is this?

Commercial land - 1.14 acres for sale in a Designated Opportunity Zone.

Where is this commercial land located?

The property is located at 348 Surf Ave Stratford, CT.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 1.14 acre development opportunity in a designated opportunity zone (potential capital gains tax benefits).; Highway visibility with 381 linear feet of frontage on Surf Avenue.; Strategic location: Just off I‑95 Exit 30, offering excellent accessibility.