259 Ference Rd Ashford, CT 06278
This exceptional commercial property, located at 259 Ference Road in Ashford, Connecticut, presents a unique investment opportunity. The property encompasses a 3,243 square foot building situated on a generous 3.52-acre lot. The main structure is currently configured as a convenience store, offering significant potential for various retail ventures. Its strategic location less than two miles from I-84, exit 72, provides unparalleled accessibility for customers and employees. This exit is notably one of the last undeveloped exits along I-84 between the Massachusetts border and Hartford, offering a distinct advantage for businesses seeking high visibility and minimal competition. Adding to its versatility, the property includes a four-bedroom, one-bathroom residential unit located above the commercial space. This residential component could serve as owner-occupied housing, staff quarters, or generate additional rental income. The property's size and location make it suitable for a wide range of commercial uses, and with effective marketing, the possibilities for business success are substantial. The asking price for this remarkable property is $350,000. This represents a compelling opportunity to acquire a well-positioned commercial property with significant upside potential in a rapidly growing area. The ample land provides room for expansion or future development, further enhancing its long-term value. Serious inquiries are encouraged.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.