348 Surf Ave Stratford, CT 06615
This exceptional 1.14-acre property in Stratford, CT, presents a prime development opportunity. Located in a designated Opportunity Zone, this offering includes five parcels zoned for Light Industrial (MA) use, providing potential for significant tax advantages. The site boasts 381 linear feet of frontage on Surf Avenue, offering excellent highway visibility just off I-95 Exit 30. The portfolio comprises three vacant land parcels and two existing structures (a 3,305 sq ft warehouse, a 1,200 sq ft garage, and a 1,064 sq ft residential building) slated for demolition. Its strategic location provides easy access to major transportation arteries and is proximate to key businesses such as FedEx, UPS, Amazon, and Raymour & Flanigan. The property's proximity to the Coastal Link Bus Stop and Sikorsky Memorial Airport further enhances its appeal. The asking price has been reduced to $1,300,000, representing a compelling investment opportunity for developers seeking a high-visibility site with significant upside potential in a thriving Connecticut location. The existing structures are in need of demolition, allowing for complete redevelopment according to the buyer's vision. This location offers excellent accessibility and visibility, making it ideal for a variety of commercial uses. The property's size and zoning allow for substantial development potential, making it an attractive investment for those seeking to capitalize on the benefits of the Opportunity Zone designation.
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Barre Granite Memorials General Contractor
enter) LB Limited Business B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront…
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
MA · Stratford, CTenter) LB Limited Business B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront Redevelopment WR 1.3.2 District boundaries. The boundaries of the zoning district
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.