181 Johnson AveCheshire, CT 06410

Property Details for 181 Johnson Ave

Year built

1960

Construction

STEEL FRAME

Lot size

82.40 AC

Property size (Sq ft)

530,570 SF

Zone code

I-2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CHES M:10 B:30 L:

APU

CHESM10B30L

Description

This exceptional industrial property at 181 West Johnson Avenue in New Haven County offers 56,650 square feet of versatile space, ideal for manufacturing, flex, or warehouse uses. Currently, 53,406 square feet are available, divisible into units ranging from 3,450 to a maximum contiguous 15,793 square feet. The property boasts 392 parking spaces, a significant advantage for employees and clients. The building features high-quality construction, including steel truss ceilings with heights ranging from 10 to 38 feet (1,375 sq ft area at 38ft, balance at 10ft), reinforced concrete floors rated at 50 psf loading, and the potential for up to seven 9' x 9' dock doors. Utility services are robust, including Eversource power (800 amps, 480V, 3-phase), natural gas, municipal water and sewer, and a 100% wet sprinkler system. Two gas-fired rooftop HVAC units provide 300 tons of heating and air conditioning. Existing fluorescent lighting can be upgraded to LED. The property's central location offers easy access to I-84 (Exit 28) and I-691 (Exit 3), making it an attractive option for businesses needing convenient transportation links. The space is currently improved with dropped acoustical ceiling tiles and is adaptable to various uses, including light industrial, agricultural operations, commercial applications (showrooms, taprooms), or lab and research facilities. Column spacing is 25' x 30'.

• CAP approach

  CAP return

  Valuation

  6%

  $128,947,032

  6.5%

  $119,028,032

  7%

  $110,526,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,697,184

  Geo Method

  $174,697,184

• Alternative Use

  Use

  Valuation

  Residential

  $100,404,600

  Hospitality

  $91,970,072

  Educational

  $76,518,016

  Medical

  $79,149,592

  Retail

  $119,028,032

Location Insight

City

Cheshire

County

New Haven

State

Connecticut

Latitude

41.5518

Longitude

-72.8971

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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