1 Sherman Hill Rd Woodbury, CT 06798
- Banks
- 13,020 SF
- 3.53 lot acres
Current Use by Public Records
- Grady & Riley LLP / Family Law Attorney / General Practice Attorney
- Wj Burton / Insurance Agency
- ATM (Wells Fargo Bank) / Atm
- Grady Francis J / Lawyer
Property Details for 1 Sherman Hill Rd
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.53 lot acres
- Property size
- 13,020 SF
- Zone code
- MQ-A
- Property type
- Banks
- APN
- WOOD M:102 B:028A
- APU
- WOODM102B028A
Description
This two-story, 12,524-square-foot Class B office building at 1 Sherman Hill Rd., Woodbury, CT, offers multiple leasing options. Currently, 6,134 square feet are available, divisible into units ranging from 347 to 4,402 square feet. The building features a mix of traditional, medical, and creative office spaces, ideal for various professional uses. One first-floor suite (4,402 sq ft) is a former bank with a drive-thru. Other available spaces include 1,029 sq ft, 356 sq ft, and 347 sq ft. Monthly lease rates vary depending on the suite size, ranging from approximately $577 to $7,318, plus utilities. Some suites include utilities in the lease price. The property boasts ample parking, an excellent location with high visibility on Main St. S. and Sherman Hill Rd. (average daily traffic: 19,600 vehicles), and great signage opportunities. Built in 1974, the building has an 8-foot ceiling height, one elevator, and is situated on a 3.53-acre lot. Property taxes are $2.71 per square foot. The zoning is MQ-A. This is a fantastic opportunity for businesses seeking a well-located, versatile office space in Woodbury, CT.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,350,000
- 6.5%
- $1,500,000
- 7%
- $1,450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,650,000
- Geo Method
- $1,285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,545,000
- Retail
- $1,580,000
- Mixed-Use
- $1,345,000
- Hospitality
- $1,670,000
- Educational
- $1,530,000
- Residential Income
- $1,585,000
- Energy
- $1,565,000
- Income-Based Land
- $1,690,000
- Food Service
- $1,370,000
Location Insight
- Map
- Local Demand
- City
- Woodbury
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.2024
- Latitude
- 41.5286
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
