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Property profile & analytics
OFF-MARKET Estimated value $575,000
Industrial properties

72 Main St North Grosvenordale, CT 06255-1712

31,212 SF 2.05 ac lot Built 1921
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US15-1151156
Property summary
AI-generated overview

This exceptional 41,564-square-foot industrial property, built in 1921 and extensively renovated in 2023, offers a unique blend of manufacturing, distribution, and flex space. The single-tenant building features four loading docks, including four dock-high doors, providing efficient access for loading and unloading. Ten parking spaces are available on-site. The interior boasts 3,500 square feet of versatile space with a new propane-fired warm air heating system and three full-sized loading doors (one with ramp assist) plus a smaller fourth door. The concrete flooring is in excellent condition. An office area and a shared half-bathroom are included. Three-phase electrical service is available, with ample capacity for upgrades. The property sits on 2.05 acres of land and is zoned commercial, offering convenient access to major roadways and nearby states, making it ideal for distribution. Additional office space is available for lease if needed. This well-maintained facility is perfect for various uses, including moving companies (with on-site storage potential), contractors, light manufacturing, and distribution businesses. The property's strategic location and modern amenities make it a highly desirable industrial space.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1921
Construction STEEL FRAME
Total area 31,212 SF
Lot 2.05 ac (89,298 SF)
Zoning code C
APN THOM M:169 B:88 L:65-A
UPID US15-1151156
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Superior Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$670k
Blend (final) Blend
$575k
Owner & transaction history
SUPERIOR BAKERY INC
SUPERIOR BAKERY INC
Zoning & alternative use
C · North Grosvenordale, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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