265 Main StBranford, CT 06405

Property Details for 265 Main St

Year built

1988

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

5,268 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRAN M:F06-000 B:005 L:00017

APU

BRANMF06000B005L00017

Description

This exceptional 7,914 square foot commercial building at 265 E Main Street, Branford, CT presents a unique investment opportunity. Situated on a highly visible 0.52-acre lot on Route 1, this property boasts a desirable BR zoning and ample parking (approximately 26 spaces). The building is currently fully occupied by a tenant under a lease with approximately two and a half years remaining, plus a five-year option. However, the tenant is willing to vacate the entire building or release approximately 2,500 square feet to accommodate a new owner-occupant. The building itself is in pristine condition, having undergone extensive upgrades. These improvements include six updated bathrooms, numerous private offices, a dedicated meeting room, new siding, stone wall enhancements, a recently replaced roof, updated windows, upgraded electrical systems, and a generator for reliable power. This property offers a compelling combination of strong tenancy, prime location, and recent high-quality renovations, making it an ideal investment for discerning buyers seeking a high-return asset in a thriving Connecticut market. The asking price is $1,290,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,308

  6.5%

  $1,181,823

  7%

  $1,097,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,734,558

  Geo Method

  $1,734,558

• Alternative Use

  Use

  Valuation

  Residential

  $996,912

  Hospitality

  $913,166

  Educational

  $759,743

  Medical

  $785,872

  Retail

  $1,181,823

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2917

Longitude

-72.794

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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