Saybrook Rd Middletown, CT 06457
§2.16 I-1- Service Industrial Zone. 1. Description. The zone is composed of certain lands located along major thoroughfares and railroad right-of-ways and adjoining existing residential and commercial areas. Because of the close proximity of well-established industrial uses in this zone to non-industrial uses, proximity of well-established industrial uses in…
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
I-1 · Middletown, CT§2.16 I-1- Service Industrial Zone. 1. Description. The zone is composed of certain lands located along major thoroughfares and railroad right-of-ways and adjoining existing residential and commercial areas. Because of the close proximity of well-established industrial uses in this zone to non-industrial uses, proximity of well-established industrial uses in this zone to non-industrial uses, flexibility must be provided to allow such industrial uses to operate with limited restraint while protecting other nearby uses. This zone will provide areas for mixed commercial-industrial uses with the emphasis on industrial uses such as manufacturing, warehousing, building material yards, building agricultural and automobile sales and services, etc. Zoning Code of the City of Middletown, Connecticut II-22 2. Uses. No land shall be used or occupied and no structure shall be erected, constructed, reconstructed, altered or used except for any use which is indicated in the I-1 column in §6.2 Business Zones, Industrial Zones and Other Non- residential Zones Use Schedule, and shall be subject to such provisions as referred to in that column. 3. Area, Bulk, and Yard Requirements. Lot Size: No requirement. Lot Width: 100 ft. minimum. Front Yard: No requirement. Rear Yard: No requirement. Side Yard: 10 ft. minimum. Building Coverage: 50% maximum, except that 100% may be covered provided that the required off-street parking and off- street loading is available. Height: 50 ft. maximum. 4. Additional Requirements. 1. Off-Street Parking and Off-Street Loading. Off-street parking and off- street loading shall be provided in connection with any use in this zone in accordance with the provisions of §4.19 Off-Street Parking and Off-Street Loading.
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.