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    115/124 First St Seymour, CT 06483

    Sponsored
    For Sale
    $2,450,000

    Prime Seymour location, high NOI, great potential.

    Property size:
    12,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 115/124 Main Street and 20 1st Street in Seymour, Connecticut, presents a compelling investment opportunity. The 12,980 square foot building, constructed in 1922, sits on a 0.8-acre lot and boasts a strong net operating income (NOI) of $80,000. The property is zoned CBD1, allowing for a variety of uses. The building is a two-story structure featuring a blend of office and retail spaces, currently occupied by a mix of tenants. A key advantage is the inclusion of a separate parking lot and a convenient rear drive-through, enhancing both functionality and accessibility. This property offers significant long-term investment potential due to its prime location in Seymour, CT, its substantial size, and its healthy NOI. The building's history and character combine with modern conveniences to create a unique and attractive investment opportunity. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $2,450,000.

    Property Features for 115/124 First St

    General Information

    Property type
    Industrial properties
    Square Feet
    12,980 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1922
    Stories
    2

    HighLights

    • Excellent long‑term investment opportunity.
    • Features a separate parking lot with rear drive‑thru access.
    • Offers a diverse mix of office and retail tenants.
    • Generates approximately $80,000 in net operating income (NOI).
    • High potential for future growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0995528
    Latitude
    41.3813413

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    FAQs

    What type of property is this?
    Industrial property - Prime Seymour location, high NOI, great potential.
    Where is this industrial property located?
    The property is located at 115/124 First St Seymour, CT.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Excellent long-term investment opportunity.; Features a separate parking lot with rear drive-thru access.; Offers a diverse mix of office and retail tenants.
    Request Owner's contact information
    115/124 First St 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
    115/124 First St Seymour, CT 06483
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