Listed by Houlihan Lawrence- Robbins
$3,000,000
Income & Development Opportunity
Details
Property Type Mixed Use, Land
Sub Type Residential, Commercial
Cap Rate 3.83%
NOI $115,000
Occupancy 100%
Buildings 2
Acreage 3.000
Zoning Residential and Commercial
Parking Spaces spaces
Investment Type Redevelopment
Land, Commercial and Residential- 3 acres on Main Street
Marketing description
A development opportunity like no other! 3 acres on Main Street downtown Branford. A growing & flourishing shoreline community. This portfolio is a combination of 5 separate parcels consisting of existing commercial, residential and vacant land that is strategically located to the train station, I95, shopping, restaurants, beach & walk to the historic Branford town center. Huge car count. Large retail brands all within a quarter mile include Walmart, Starbucks, and the building of a new Aldi’s and Chase Bank. Amazon warehouse proposal under consideration just a mile down the street as well! This ‘once in a life time property portfolio’ has an existing gross income of $115,000 annually generated from office building, restaurant/bar, single family house & garages. So enjoy existing revenues while you plan your development & transformation of this “Gem on Main”.
Investment highlights
- Existing rental income while you plan your redevelopment
Listing Contacts
Listed by Houlihan Lawrence- Robbins
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
0
DSCR
3.83%
Cap Rate
3.83%
ROI
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