Property profile

40 Main St Branford, CT 06405

OFF-MARKET
Retail properties & Spaces
2,716 SF 0.79 ac lot Built 1868
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1868
Total area 2,716 SF
Lot 0.79 ac (34,412 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

40 Main St Branford, CT 06405
Branford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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