Property profile

209 Pershing Dr Ansonia, CT 06401

OFF-MARKET
Parking lots & garages
Property ID
US15-0062804
1,683 SF 0.48 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,600-square-foot retail building in Ansonia, Connecticut, presents a unique investment opportunity. Situated on a 0.66-acre lot at 209 Pershing Drive, this single-tenant property boasts a completely remodeled interior and exterior. The building, constructed in 1979, features 16-foot ceilings, two 12' x 14' high overhead doors, perfect for accommodating most cars or small equipment. The space includes two separate work areas, a larger shop or warehouse area, and approximately 500 square feet of office space with a private bath and air conditioning. The floors have been sealed and epoxy-coated. The property is fully fenced with roller gate access and benefits from a high traffic count of 13,700 cars per day. Zoned C for commercial use, this versatile space offers numerous possibilities. Conveniently located near Route 8, Pershing Drive Exit 16, downtown Ansonia, the train station, and Griffin Hospital. Some equipment, including a frame straightening machine and air compressor, may be included in the lease. The property consists of two lots totaling 0.66 acres. The building has 200 AMP power. City water and municipal sewer are available. Annual property taxes are $8,700. The owner reserves the right to maintain two rows in the rear yard for parking. The lease rate is $4,500 per month, net-net.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,683 SF
Lot 0.48 ac (20,909 SF)
Zoning code C
APN ANSO M:030 B:0009 L:0001
UPID US15-0062804

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

209 Pershing Dr Ansonia, CT 06401-2229
Ansonia metro Census 125300 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2022
Last sale
$425,000
3 recorded transactions
2022
$425,000
2013
Price N/A
1989
Price N/A

Zoning & alternative use

C · Ansonia, CT
Zoning description

retail sales use . . ." in "C" Central Commercial District. 14. March 28, 1988 April 9, 1988 Schedule B - amendment of "clubs, non-profit" to "Clubs, membership and studios devoted to physical conditioning . . ." and des…

General category COMMERCIAL

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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