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    348 Surf Ave Stratford, CT 06615

    Sponsored
    For Sale
    $1,300,000

    1.14 Acres, I-95 Visibility, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.14-acre property in Stratford, CT, presents a prime development opportunity. Located in a designated Opportunity Zone, this offering includes five parcels zoned for Light Industrial (MA) use, providing potential for significant tax advantages. The site boasts 381 linear feet of frontage on Surf Avenue, offering excellent highway visibility just off I-95 Exit 30. The portfolio comprises three vacant land parcels and two existing structures (a 3,305 sq ft warehouse, a 1,200 sq ft garage, and a 1,064 sq ft residential building) slated for demolition. Its strategic location provides easy access to major transportation arteries and is proximate to key businesses such as FedEx, UPS, Amazon, and Raymour & Flanigan. The property's proximity to the Coastal Link Bus Stop and Sikorsky Memorial Airport further enhances its appeal. The asking price has been reduced to $1,300,000, representing a compelling investment opportunity for developers seeking a high-visibility site with significant upside potential in a thriving Connecticut location. The existing structures are in need of demolition, allowing for complete redevelopment according to the buyer's vision. This location offers excellent accessibility and visibility, making it ideal for a variety of commercial uses. The property's size and zoning allow for substantial development potential, making it an attractive investment for those seeking to capitalize on the benefits of the Opportunity Zone designation.

    Property Features for 348 Surf Ave

    General Information

    Property type
    Land

    HighLights

    • Price reduced to $1,300,000 from $1,400,000.
    • 1.14‑acre site in a designated Opportunity Zone offering significant tax benefits.
    • Five parcels zoned Light Industrial (MA), ideal for commercial development.
    • High‑visibility location off I‑95 Exit 30, near Amazon and FedEx.
    • 381 feet of frontage on Surf Avenue.
    • Conveniently located near Coastal Link Bus Stop and Sikorsky Memorial Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Barre Granite Memorials Monument Maker

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1530072
    Latitude
    41.1759678

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    FAQs

    What type of property is this?
    Land - 1.14 Acres, I-95 Visibility, Opportunity Zone
    Where is this 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: Price reduced to $1,300,000 from $1,400,000.; 1.14-acre site in a designated Opportunity Zone offering significant tax benefits.; Five parcels zoned Light Industrial (MA), ideal for commercial development.
    Request Owner's contact information
    348 Surf Ave Stratford, CT 06615
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    Stratford, CT 06615
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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
    348 Surf Ave Stratford, CT 06615
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