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$ 4,650,000
Est. payment /mo
Active
469 East Main Street Branford, CT 06405
28,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 28,088 sqft
Price per Sqft $165
MLS Listing ID 24177556
Year Built 2005
Annual Tax Amount $74,838
Lot Size 3.930 Acres
Property Description
469 East Main Street, Branford, Connecticut, is offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness, which has approximately eight years remaining on its current lease term along with multiple renewal options. The property provides stable and predictable long-term cash flow and is offered at an approximate 7.5% capitalization rate and roughly $165 per square foot, presenting an attractive investment opportunity within the Connecticut market. The 28,088-square-foot freestanding retail building features a complementary mix of synergistic tenants and is strategically positioned along a high-visibility commercial corridor between New York City and Boston. Its proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and long-term market stability. This offering represents an opportunity to acquire a well-maintained, turn-key investment asset with secure income, long-term tenancy, and favorable positioning within a strong Connecticut retail market.
Location
State CT
County New Haven
Zoning IG-2
Interior
Interior Features Elevator
Heating Hot Air
Cooling Central Air
Flooring Concrete
Exterior
Exterior Feature Sidewalk, Lighting, Pole Sign, Door Sign
Parking Features Paved, Parking Lot
Utilities Available Electric, Gas, Fire Suppression System
Roof Type Rubber,Tar/Gravel
Building
Lot Description Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Nick Mastrangelo • Coldwell Banker Realty