76 Stafford RdStafford, CT 06076

Property Details for 76 Stafford Rd

Lot size

1.07 AC

Zone code

IN

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

STAF M:47 L:022

APU

STAFM47L022

Description

This exceptional Stafford, CT commercial property presents a unique investment opportunity. Located at 76 W Stafford Road, this 5,895 square foot building sits on a 1.07-acre lot and boasts a thriving, established auto sales and service business complete with a dealership license. The business is currently operational and includes all machinery and materials. The property's prime location offers high visibility and foot traffic, situated next to Stafford Savings Bank and Walgreens, and across from a veterinary hospital. It benefits from proximity to numerous national chains including McDonald's, Subway, Advance Auto Parts, Dunkin' Donuts, O'Reilly Auto Parts, Family Dollar, Aubuchon Hardware, Dollar General, and Tractor Supply. Adding to the investment potential, the property also includes five one-bedroom apartments. Four are currently rented, generating an average monthly rental income of $800 per unit, with one unit vacant. This presents an immediate opportunity for increased revenue. The property is being sold "as is," with all existing business equipment and apartments included in the sale. The asking price for this combined commercial and residential property is $425,000. This is a rare chance to acquire a profitable, established business with significant rental income potential in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,705,860

  6.5%

  $7,113,102

  7%

  $6,605,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,089,932

  Geo Method

  $6,089,932

• Alternative Use

  Use

  Valuation

  Residential

  $8,820,246

  Hospitality

  $8,079,298

  Educational

  $6,721,881

  Medical

  $6,953,056

  Retail

  $10,456,259

Location Insight

City

Stafford Springs

County

Tolland

State

Connecticut

Latitude

41.9669

Longitude

-72.3302

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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