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40 N Main St

2,000 SF Retail Building Branford, CT 06405 $799,000 ($400/SF)

Executive Summary

Major price adjustment for this development opportunity about two blocks from Walmart, Starbucks, Chipotle and the new Chase Bank & Aldi. This corner property is strategically located at a four-way traffic light intersection. There are currently three curb cuts and over 150 of frontage on Route One with car count of nearly 17,000. Currently there are two buildings on the property, a very popular and long-standing Restaurant and another smaller standalone building for storage. Over three quarters of an acre located in the favorable Local Business (BL) District. With Site Plan Approval, permitted uses that include but are not limited to, Bank, Retail, Medical, Veterinarian, Boat & Marine Sales, Hotel. Most Auto Uses including Gasoline Station and Auto Sales would require a Special Exception. A rare development opportunity within this dynamic & thriving area.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built
1868
Price
$799,000
Price Per SF
$400
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
0.79 AC
Zoning
BL
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
165 FT on N. Main St.

Nearby Major Retailers

Guilford Savings Bank
Webster Bank
ALDI
Starbucks
Stop & Shop Gasoline
Krauszer's Food Stores
Bank of America
StretchLab
Chase
Wells Fargo

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BRAN-000007D-000014-000004
Land Assessment
$254,600
Improvements Assessment
$97,900
Total Assessment
$352,500
  • Listing ID: 30443109

  • Date on Market: 12/26/2023

  • Last Updated:

  • Address: 40 N Main St, Branford, CT 06405

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