40 Main St Branford, CT 06405
Exceptional redevelopment opportunity in Branford, CT, presenting a 2,716 sq ft restaurant with a separate storage building on a 0.79-acre lot. This property boasts a prime location at a four-way traffic light intersection, just two blocks from major retailers like Walmart, Starbucks, Chipotle, Chase Bank, and Aldi. The site offers over 150 feet of frontage on Route One, experiencing nearly 17,000 cars daily. Currently zoned BL (Local Business), this property allows for diverse redevelopment options, including but not limited to bank, retail, medical, veterinary, boat and marine sales, and hotel uses. Most automotive uses, such as gas stations and auto sales, would require a special exception. The existing restaurant, a long-standing and popular establishment, is available for separate purchase. The property includes 55 parking spaces and three curb cuts. This is a rare opportunity to acquire a substantial property in a thriving area with significant development potential. The asking price is $799,000, with a price per square foot of $368.19. The property was built in 1868.
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Jalapeño Heaven Restaurant
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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