2090 Foxon RdNorth Branford, CT 06471

Property Details for 2090 Foxon Rd

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 AC

Property size (Sq ft)

5,000 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NBRA M:33 B:26

APU

NBRAM33B26

Description

This 5,000 square foot, single-story retail building in North Branford, Connecticut, presents a unique investment opportunity. Previously a Cumberland Farms gas station and convenience store, this property offers three separate retail spaces: one 2,500 square foot space and two 1,250 square foot spaces. Located at 2090 Foxon Rd, 06471, the building sits on a highly visible lot with approximately 13,000 cars passing daily, benefiting from proximity to major highways, shopping centers, and restaurants. Built in 1974, the property is zoned B2 and has undergone environmental remediation, including the removal of underground storage tanks. The building is vacant and being sold as-is, with the seller open to exploring financing options. No deed restrictions exist, allowing for a wide range of retail uses, including, but not limited to, re-establishing a gas station and convenience store, bank, quick-service restaurant, full-service restaurant, pharmacy, or grocery store. The asking price is $1,799,999, representing a price per square foot of $360. This is a remarkable chance to acquire a well-located, versatile retail property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,215,174

  6.5%

  $1,121,700

  7%

  $1,041,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,646,316

  Geo Method

  $1,646,316

• Alternative Use

  Use

  Valuation

  Residential

  $946,196

  Hospitality

  $866,710

  Educational

  $721,093

  Medical

  $745,892

  Retail

  $1,121,700

Location Insight

City

North Branford

County

New Haven

State

Connecticut

Latitude

41.3357

Longitude

-72.7566

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.