2 Commerce Dr North Branford, CT 06471-1250
- Industrial properties
- 21,192 SF
- 2.07 lot acres
Current Use by Public Records
- American Union Print / Clothing Wholesaler
- European Performance / Auto Tune Up Service / Auto Repair Shop
- Mr. Rooter Plumbing of South Central Connecticut / Plumber / Drainage Service
- Dale J Enterprises LLC / Bathroom Remodeler
Property Details for 2 Commerce Dr
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 2.07 lot acres
- Property size
- 21,192 SF
- Property type
- Industrial properties
- APN
- NBRA M:19-D B:13-1
- APU
- NBRAM19DB131
Description
This exceptional 21,320-square-foot industrial warehouse building, situated on a 2.07-acre lot at the corner of Commerce Drive and Route 22/80, presents a significant opportunity. Currently 50% occupied, 10,820 square feet of prime light industrial space is immediately available for lease. The space includes 1,500 square feet of office space, enhancing its versatility. The building boasts excellent features including one loading dock, one drive-in overhead door, and a garage door on a shed addition. There's potential to add a second loading dock, and two additional 8x8-foot and one 10x10-foot drive-in doors are already in place. The warehouse features 8- to 18-foot ceilings, a roof suitable for solar panel installation, and a newly installed 20-ton HVAC system in half the building, with a second 20-ton unit to be installed shortly. Each 10,000-square-foot section has two 600-amp, three-phase power meters. The property benefits from over 400 feet of frontage on Route 22/80 and ample parking, making it highly accessible and convenient. The building was constructed in 1980 and is zoned I-2. This property offers a compelling combination of space, functionality, and location, making it ideal for a variety of manufacturing and warehouse operations. The building has a new load leveler.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $945,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $805,000
- 6.5%
- $915,000
- 7%
- $870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $1,010,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $950,000
- Retail
- $940,000
- Mixed-Use
- $890,000
- Hospitality
- $800,000
- Educational
- $850,000
- Residential Income
- $760,000
- Energy
- $835,000
- Income-Based Land
- $865,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- North Branford
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.7742
- Latitude
- 41.3249
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
