Hospitality/Development Site | 557 Main St
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Hospitality/Development Site 557 Main St
11,000 SF Retail Building Woodbury, CT 06798 $3,807,862 CAD ($346 CAD/SF)
Investment Highlights
- Flexible use Site with potential for: Restaurant, Winery, Bed and Breakfast, Hospitality, Residential Development, Large and Small Scale Events
- Connected to City Water
- 3 Existing Buildings
Executive Summary
557 Main Street South, Woodbury, is MSD zoned property located on 19.74 acres. This property was formerly used as an Event Venue, Bed and Breakfast, and Retail Space and features sweeping views and a stunning pond centrally located to the existing structures. The undeveloped land at approximately 15+ usable acres is nicely graded, and has limited contact with wetlands. This lot is perfect for users in hospitality, or developers with SFH, 55 and older, or lower density condo projects. The property features 3 buildings, building 1 is approximately 5,000 sq ft and was used as retail, building 2 has approximately 4,500 sq ft and was used as a B&B Inn, Building 3 is roughly 1,200 sq ft and can be used as storage, retail, or living space. These buildings can be subdivided from the remainder of the lot. There are several outbuildings and other components on property as well. Several proposals for use can be considered for this property, approvals available upon request and property will be sold as is.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
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Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,000 SF
Building Class
B
Year Built
1890
Price
$3,807,862 CAD
Price Per SF
$346 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.01
Lot Size
19.74 AC
Zoning
MSD
Amenities
- Fireplace
- Restaurant
- Waterfront
- Air Conditioning
- Balcony
PROPERTY TAXES
Parcel Number | WOOD-000103-000048-A000000 | Improvements Assessment | $719,935 CAD |
Land Assessment | $535,891 CAD | Total Assessment | $1,255,826 CAD |
PROPERTY TAXES
Parcel Number
WOOD-000103-000048-A000000
Land Assessment
$535,891 CAD
Improvements Assessment
$719,935 CAD
Total Assessment
$1,255,826 CAD
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Hospitality/Development Site | 557 Main St
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