3 Sidecut Rd Redding, CT 06896-1204
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The Station House Apartment Building
NB Neighborhood Business Zone Intent of zone: To provide for small scale retail centers which will furnish convenience goods and services essential to the daily life of the local neighborhood or community, and will blend harmoniously with the residential and natural environment of their surroundings. - 14 - 14 4.1 Districts Established - continued SB Service…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NB · Redding, CTNB Neighborhood Business Zone Intent of zone: To provide for small scale retail centers which will furnish convenience goods and services essential to the daily life of the local neighborhood or community, and will blend harmoniously with the residential and natural environment of their surroundings. - 14 - 14 4.1 Districts Established - continued SB Service Business Zone Intent of zone: To provide areas for those commercial services and bulky goods needed by a residential community, which require extensive individual sites, limited however to uses compatible with the surrounding natural and residential environment; and to regulate development and access along Route 7 commensurate with this arterial road’s traffic capacity, safety, and speed. (underlined section adopted 12/1996) BC Business Center Zone Intent of zone: To provide a comprehensive business center for retail trade and services needed by the community at large, as part of a balanced community of residential, business and civic uses within central Georgetown, to be planned for a small village setting compatible with the natural and residential environment of the surrounding area. OR Office and Research Park Zone Intent of zone: To provide an appropriate setting for quiet office, research and controlled light assembly facilities which will be in harmony with the low density residential character of the community, will protect the tranquility and values of nearby residential areas, and will be developed in campus-type sites which fully preserve the natural beauty and environmental integrity of their surroundings. SDD Special Development District Intent of zone: To permit and encourage variety and flexibility in land development through the modification of regular standards applicable to the permitted uses of land within a zoning district, providing that the uses within the special development district be in harmony with the objectives and policies of the Plan of Development. HMC Historic Mill Center Zone Intent of Zone: To conserve historic structures and the unique architectural features of the site and Georgetown; to encourage and preserve public -access open space; to encourage the creation of a civic and cultural center; and to provide, in accordance with an approved Master Plan (as defined in Section 5.1.2.A) for: the adaptive re -use and/or re-development of an historic industrial site; commercial uses such as office, retail, restaurant, small hotel, bed & breakfast and/or service businesses;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.