490 Salmon Brk St Granby, CT 06035-1422
This exceptional owner-user investment opportunity presents a 3,000 square foot storefront located at 490 Salmon Brook St, Granby, CT 06035. The asking price is $595,000, translating to $198.33 per square foot. Situated on a 0.39-acre lot, this property boasts a prime location in a high-visibility commercial corridor. Built in 1976 and extensively renovated in 2020, the building features two stories. The first floor offers flexible space ideal for retail, showroom, or workshop use, encompassing a 29x20 office showroom with a kitchen and half bath, plus a two-bay garage/workshop. The second floor comprises an approximately 800 square foot apartment with a bedroom, living room, kitchen, and bathroom, providing supplemental income potential or a live/work option. The property is zoned C2 (Business Zone) and is available for occupancy on April 16, 2024. This versatile property offers a unique blend of commercial and residential space, making it an attractive investment for a variety of businesses. Don't miss this chance to own a thriving commercial property in a desirable location.
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The Mark Brady Kitchen Hardware & Home Improvement Kitchen & Bath Showroom
3.5 BUSINESS ZONE (C2) 3.5.1 Permitted Uses The following uses shall be permitted: 3.5.1.1 Retail sale, rental and/or repair of items such as food, clothing, hardware, garden supplies, jewelry, electronics, appliances, books, sporting goods, nursery items, home improvement products and general merchandise; 3.5.1.2 Printing, photography and similar service; a…
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
C2 · Granby, CT3.5 BUSINESS ZONE (C2) 3.5.1 Permitted Uses The following uses shall be permitted: 3.5.1.1 Retail sale, rental and/or repair of items such as food, clothing, hardware, garden supplies, jewelry, electronics, appliances, books, sporting goods, nursery items, home improvement products and general merchandise; 3.5.1.2 Printing, photography and similar service; and 3.5.1.3 Accessory uses customarily incidental to a permitted use; 3.5.1.4 Utility Use, Subject to Section 8.25.6; 3.5.1.5 Business or professional offices, including financial institutions; 3.5.1.6 Personal services, including barbershops, beauty shops, cleaning establishments, tailor shops and shoe repair shops; 3.5.1.7 Limited seating restaurants. 3.5.2 Special Permits The Commission may grant Special Permits for the following uses, subject to the applicable criteria of Section 8.2: 3.5.2.1 Restaurants subject to Section 8.16; 3.5.2.2 Commercial, educational or recreational services; 3.5.2.3 Gasoline filling stations, with or without Connecticut Motor Vehicle Department Repairers' Licenses, or motor vehicle repair facilities excluding body shops; 3.5.2.4 Retail sales of automobiles, including trucks, motorcycles and similar vehicles, marine craft, aircraft and accessories; 3.5.2.5 Health care facilities including hospitals, convalescent homes and nursing homes on a lot of five (5) acres or more; 3.5.2.6 Movie theaters, performing arts theaters, auditoriums and assembly halls (excluding drive-in theaters); 3.5.2.7 Hotels, motels or inns; 3.5.2.8 Retail sales or alcoholic beverages, subject to Section 8.3; 3.5.2.9 Residential uses, subject to Section 8.13;
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.