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    359 Salmon Brook St Granby, CT 06035

    Sponsored
    For Sale
    $395,000

    Granby, CT investment opportunity. High occupancy.

    Property size:
    3,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional three-unit apartment building, ideally situated at 359 Salmon Brook Street in Granby, Connecticut, presents a compelling investment opportunity. Boasting 3,099 square feet of net rentable space across three stories, this 1927-built property offers seven bedrooms and three bathrooms, currently enjoying 100% occupancy with a June 7, 2024 occupancy date. The building sits on a 0.53-acre lot and is zoned R30, providing ample space and flexibility. With abundant parking (20 spaces), this property is conveniently located with excellent highway access. The attractive exterior enhances curb appeal. The asking price is $395,000, translating to $127.46 per square foot and $131,667 per unit. Annual property taxes are $6,200. Note: This property is being sold with the adjacent Cambridge House Brew Pub. The building includes a detached 3,099 square foot garage and a total of 16 rooms. This is a unique owner/user opportunity combining residential and commercial potential. The property is a free-standing building.

    Property Features for 359 Salmon Brook St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,099 SF
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1927
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Prime location: Own a home adjacent to your business.
    • Adjacent Cambridge House Brew Pub also available for purchase.
    • 3,099 square foot building.
    • Detached garage included.
    • Seven bedrooms and three bathrooms in a 16‑room home.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Granby
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7930195
    Latitude
    41.9662764

    Nearby Comparable

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    Nearby Similar for Sale

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      Granby Restaurant - Turnkey Opportunity

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    FAQs

    What type of property is this?
    Multifamily property - Granby, CT investment opportunity. High occupancy.
    Where is this multifamily property located?
    The property is located at 359 Salmon Brook St Granby, CT.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Prime location: Own a home adjacent to your business.; Adjacent Cambridge House Brew Pub also available for purchase.; 3,099 square foot building.
    Request Owner's contact information
    359 Salmon Brook St Granby, CT 06035
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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
    359 Salmon Brook St Granby, CT 06035
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