85 School Ground Road, Branford, CT 06405
sale
$699,000
|
Other
Courtesy Of Sunset Creek Realty, LLC
**A RARE INVESTMENT & MIXED-USE OPPORTUNITY WITH EXCEPTIONAL POTENTIAL!** Situated on **1.75 acres at the highly visible corner of School Ground Road & Branford Road**, this unique property straddles **Branford & North Branford** and offers an exceptional combination of **INCOME POTENTIAL, FLEXIBLE SPACE & FUTURE POSSIBILITIES!** The property's versatile configuration offers numerous possibilities: **Residential, Professional or Individual Office Spaces, Medical Offices, or a combination of Residential & Commercial uses**, subject to municipal approvals. **INCOME POTENTIAL IS ALREADY IN PLACE!** The 1st Fl features **4 RENOVATED UNITS**, currently vacant, furnished & ready for occupancy or leasing. The 2nd Fl has **5 UNITS, 4 UNITS ARE CURRENTLY RENTED**. Some units are furnished. The basement offers an additional office, walk-out access & an Overhead Door for convenient deliveries. Excellent **FUTURE POTENTIAL**. According to information obtained from the Branford & North Branford Zoning Depts., the property was originally zoned Residential. Buyers may wish to explore opportunities under the **NEW MIXED-USE Guidelines** that became effective July 1, 2026. Possible expansion of the existing building and/or additional development of this 1.75-acre site, subject to all municipal approvals. The Seller has drawings, maps & information regarding zoning discussions & possibilities previously explored by the former owner for expansion. **EXTENSIVE IMPROVEMENTS HAVE ALREADY BEEN MADE!** Major systems updated/replaced between 2022-2025 include a **NEW ROOF, NEW OIL TANK, 2 NEW CENTRAL A/C SYSTEMS, NEW SEWER LINE, 2 NEW BATHROOMS, HOT WATER HEATER & ELECTRICAL SYSTEM UPDATES.** UI provides electricity; North Branford provides water & sewer. Because the property crosses town lines, there are 2 tax bills: **85 School Ground Rd., Branford & 3 Branford Rd., North Branford.** The Taxes reported above are from Branford. Total Taxes are over $8,000 annually. A small portion appears to be in a Flood Zone; the owner has not maintained Flood Insurance. One of the parties to the LLC has an active real estate license
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Floors: 2
- MLSID: 24190375
- Parking Spaces: 10
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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