350 Main St Cheshire, CT 06410
- Office buildings
- 6,728 SF
- 1.00 lot acres
Current Use by Public Records
- Proto Francis R DDS / Dentist
- Kathleen A. Lieberman, LCSW / Doctor
- Marty L. Ernstoff, LMFT / Marriage Or Relationship Counselor
- Cara C. Nappi, LPC / Doctor / Counselor
- Adolescent & Family Counseling Center, LLC / Counselor
Property Details for 350 Main St
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.00 lot acres
- Property size
- 6,728 SF
- Zone code
- R-20A
- Property type
- Office buildings
- APN
- CHES M:64 B:290 L:
- APU
- CHESM64B290L
Description
This attractive 6,728 square foot office building, situated on a 1.09-acre lot at 350 South Main Street in the heart of Cheshire, CT, presents a compelling investment or owner-occupancy opportunity. Currently operating at 58% occupancy, the building boasts a diverse tenant mix including a counseling center, attorney's office, fitness zone, massage therapist, and wellness facility. The remaining 42% vacancy comprises two sizable office suites (1,060 sq ft and 907 sq ft) and additional individual spaces in the lower level, all currently available for lease. This presents a significant value-add opportunity for an investor to increase rental income or for an end-user to expand their business. The property is zoned R-20A, ensuring flexibility for a variety of commercial uses. The building is being sold "as is," providing the buyer with the opportunity to customize and enhance the property to their specific needs. Its prime location in Cheshire offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a high-traffic area with strong local presence. This is a rare opportunity to acquire a well-located, multi-tenant commercial building in a thriving Connecticut town.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $895,000
- ML approach
- $860,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $595,000
- AI Estimate
- $563,000
Market price range: $499k - $1.05MMarket price range: $354k - $1.05M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $745,000 Current use
- RESTAURANT
- $985,000 Change: +32% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $760,000 Change: +1% Conversion: Easy
- RETAIL STORES
- $730,000 Change: -2% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $705,000 Change: -6% Conversion: Easy
- AUTO REPAIR, GARAGE
- $610,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Cheshire
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.903
- Latitude
- 41.4931
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA