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    31 Silvermine Rd Seymour, CT 06483

    Sponsored
    For Sale
    $2,800,000

    15.99 Acres, Industrial/Residential Potential

    Property size:
    696,524 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15.99-acre property at 31, 39 & 47 Silvermine Road in Seymour, Connecticut, presents a unique dual-use opportunity. Currently zoned GI-2, it offers significant potential for both industrial and residential development. The site includes a 11,000 square foot building constructed in 1985, with a 12-foot ceiling height, currently generating income. The existing structure provides immediate revenue while the expansive land allows for the construction of a substantial new building. Conceptual plans could include a modern, high-bay warehouse exceeding 100,000 square feet, capitalizing on the area's industrial demand. Alternatively, the zoning permits multi-family residential development, including the possibility of incorporating affordable housing units, aligning with the town's planning objectives. The property boasts convenient access to Route 8 (Exit 22), enhancing its appeal to both industrial tenants and residents. This prime location within the Silvermine Industrial Park places it near established businesses such as Thule and Basement Systems. The asking price for this versatile property is $2,800,000. The total square footage of the land is 696,524 square feet. This presents a compelling investment opportunity with significant upside potential.

    Property Features for 31 Silvermine Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    696,524 SF
    Lot Size
    696,524 SF

    Building Details

    Year Built
    1985
    Buildings
    1

    HighLights

    • 15.99‑acre site in Seymour, CT, zoned GI‑2, allowing for industrial and multi‑family residential development.
    • Potential to develop a 100,000+ SF building.
    • Existing 11,000 SF building generating income.
    • Excellent access to Route 8 (Exit 22).
    • $2,800,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.051462369646
    Latitude
    41.393575764137

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    FAQs

    What type of property is this?
    Multifamily property - 15.99 Acres, Industrial/Residential Potential
    Where is this multifamily property located?
    The property is located at 31 Silvermine Rd Seymour, CT.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 15.99-acre site in Seymour, CT, zoned GI-2, allowing for industrial and multi-family residential development.; Potential to develop a 100,000+ SF building.; Existing 11,000 SF building generating income.
    Request Owner's contact information
    31 Silvermine Rd Seymour, CT 06483
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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
    31 Silvermine Rd Seymour, CT 06483
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