Property profile

197 Main St 213 Branford, CT 06405

OFF-MARKET
Investment properties
Property ID
US15-0656297
0.3 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two distinct properties for sale together at 197 Main Street, Branford, CT. The first is a mixed-use building totaling 5,074 square feet situated on a 0.6-acre lot. The ground floor offers approximately 1,424 square feet of high-visibility retail space, ideal for a variety of businesses. Above the retail space is a 1,416 square foot, three-bedroom, two-bathroom apartment. The property benefits from ample parking and high traffic counts, ensuring excellent exposure for any commercial venture. Included in this sale is an abutting, beautifully preserved turn-of-the-century two-family home. This multi-family residence features two spacious apartments, each exceeding 1,000 square feet and including two bedrooms and one bathroom. A detached garage and additional office space further enhance the property's appeal. Both properties are being sold together in "as is" condition. This combined offering presents a rare chance to acquire a significant commercial and residential holding in a prime Branford location. The asking price for this unique package is $1,150,000. Don't miss this chance to establish your business and secure a valuable investment in a thriving shoreline community.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.3 ac (13,068 SF)
APN BRAN M:D08-000 B:002 L:00001
UPID US15-0656297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

197 Main St, Unit 213 Branford, CT 06405-3524
Branford metro Census 184101 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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