76 Stafford Rd Stafford, CT 06076
- Investment properties
- 1.07 lot acres
Current Use by Public Records
- West Side Motors Inc / Used Car Dealer
Property Details for 76 Stafford Rd
- Lot size
- 1.07 lot acres
- Zone code
- IN
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- STAF M:47 L:022
- APU
- STAFM47L022
Description
This exceptional Stafford, CT commercial property presents a unique investment opportunity. Located at 76 W Stafford Road, this 5,895 square foot building sits on a 1.07-acre lot and boasts a thriving, established auto sales and service business complete with a dealership license. The business is currently operational and includes all machinery and materials. The property's prime location offers high visibility and foot traffic, situated next to Stafford Savings Bank and Walgreens, and across from a veterinary hospital. It benefits from proximity to numerous national chains including McDonald's, Subway, Advance Auto Parts, Dunkin' Donuts, O'Reilly Auto Parts, Family Dollar, Aubuchon Hardware, Dollar General, and Tractor Supply. Adding to the investment potential, the property also includes five one-bedroom apartments. Four are currently rented, generating an average monthly rental income of $800 per unit, with one unit vacant. This presents an immediate opportunity for increased revenue. The property is being sold "as is," with all existing business equipment and apartments included in the sale. The asking price for this combined commercial and residential property is $425,000. This is a rare chance to acquire a profitable, established business with significant rental income potential in a high-traffic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $340,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $300,000
- Mixed-Use
- $320,000
- Hospitality
- $325,000
- Educational
- $320,000
- Residential Income
- $285,000
- Energy
- $260,000
- Income-Based Land
- $255,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Stafford Springs
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.3302
- Latitude
- 41.9669
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA