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473 Main St Branford, CT 06405

Sponsored
For Sale
$3,000,000

3-Acre Mixed-Use Development Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
396
This exceptional 3-acre property in Branford, Connecticut, presents a unique redevelopment opportunity with significant upside potential. Located at 473 Main St, 06405, this mixed-use portfolio comprises five parcels encompassing existing commercial and residential buildings, generating a current NOI of $115,000 with 100% occupancy and a 3.83% cap rate. The asking price is $3,000,000. The existing structures include an office building, a restaurant/bar, a single-family home, and garages, providing immediate rental income while redevelopment plans are formulated. The property benefits from a prime location in the thriving downtown Branford area, offering convenient access to the train station, I-95, shopping, restaurants, and the beach. Its proximity to major retail brands like Walmart, Starbucks, a new Aldi's, and a Chase Bank, along with a proposed Amazon warehouse nearby, further enhances its desirability. The permitted zoning allows for both residential and commercial development, maximizing flexibility for future projects. This is a rare chance to acquire a substantial mixed-use property in a high-growth area, offering both immediate income and long-term development prospects. The property is zoned for both residential and commercial use.

Property Features for 473 Main St

General Information

Property type
Mixed-use properties
Lot Size
130,680 SF

Building Details

Buildings
2

HighLights

  • $3,000,000 asking price for a mixed‑use redevelopment opportunity.
  • 3‑acre lot in Branford, CT, with existing buildings generating $115,000 annual NOI.
  • 100% occupancy across two buildings with a 3.83% cap rate.
  • Zoned for both residential and commercial use, offering flexibility for redevelopment plans.
  • Prime Main Street location near I‑95, train station, and major retailers.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Branford
County
New Haven
State
Connecticut
Longitude
-72.818777
Latitude
41.277125

FAQs

What type of property is this?
Mixed-use property - 3-Acre Mixed-Use Development Opportunity
Where is this mixed-use property located?
The property is located at 473 Main St Branford, CT.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: $3,000,000 asking price for a mixed-use redevelopment opportunity.; 3-acre lot in Branford, CT, with existing buildings generating $115,000 annual NOI.; 100% occupancy across two buildings with a 3.83% cap rate.
More about this property
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