PROPERTY OFFERING · PROPERTY OVERVIEW • Welcome to Clinton • Aerial Photography • Maps • Photo Highlights • Property Detail • Property Cards • Traffic Counts • Flood

PROPERTY OFFERING 333 East Main StreetClinton, CT 06413

Disclosure:All information contained herein is from sources deemed reliable but not guaranteed; however, no representations or warranties are made as to

accuracy or completeness and is provided subject to errors, omission, change, prior sale and withdrawal from market, all without notice. This information is confidential and is provided strictly as background information for the sole use of the prospective purchaser and its representatives.

All interested parties are encouraged to make their own independent review and investigation of the property and verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout

and marketing material herein are protected by copyright.

Kim Casey 860.941.4842 [email protected] Realtor, CIREC, Auctioneer

Tyler Gracey 860.510.3020 [email protected] Realtor, CIREC, Auctioneer

Address: 333 East Main Street Clinton, CT 06413

Offered For Sale by Auction Bids Starting at $750,000

AUCTION - THIS PROPERTY WILL BE SOLD AT ONLINE AUCTION. AUCTION DATES ARE: 08/30/2020 - 09/06/2020. Industrial property located on Route 1 in Clinton. Multi-business opportunity. Current use is an automotive repair and sales business and adjacent car wash.

Traffic counts in excess of 10,000/day. Improvements include two commercial buildings occupying 14,538 SF of the site, approximately 9,700 SF of paving and concrete walkways. 275 FT of road frontage of East Main Street with an average depth of 225. Recent work includes a new

roof approximately 4 years old and newer overhead doors. Total of 17 overhead doors to service bays. Recent appraisal available upon request. Please ask your agent for a detailed property

information packet containing all property and town information. TO BID, PLEASE VISIT WWW.SEAPORTAUCTIONS.COM - MINIMUM BID STARTS AT: $750,000.

Exclusively Presented By:

TylerGracey

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Table of Contents

Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing materials herein are protected by copyright law. ©

PROPERTY OVERVIEW

• Welcome to Clinton• Aerial Photography• Maps• Photo Highlights• Property Detail• Property Cards• Traffic Counts• Flood Zone Determination• Town Demographics Data

PROPERTY VAULT - Click Here to gain full accessA. Online Auction Terms & ConditionsB. Deed & Schedule AC. TaxesD. Town Records

*Dec. 2018 Appraisal - Available Upon Request

https://forms.gle/yKRWGoGWoZh4JULBA

Welcome to Clinton

First home to the Hammonasset people and later established as a plantation for English settlers in 1663, Clinton, Connecticut boasts a rich and remarkable history. Yale University’s first classes were conducted here. None other than Benjamin Franklin, Colonial Postmaster General, personally determined the site of a Boston Post Road milestone on current Main Street. Hundreds of trading ships were built and launched from Clinton’s shipyards and the Ponds Extract Company (now part of Unilever) set up shop in town to harvest, process, and bottle witch hazel. For generations, vacationers, artists, and year-round residents have found pleasure and a deep community spirit at our shore. Since 1938, the Clinton Historical Society has researched, recorded, and shared stories of Clinton’s past. Now, we invite you to discover life in Clinton in the days and centuries gone by. (continue reading - http://www.clintonct.com/)Clinton and Westbrook are two of the many prosperous towns along the Connecticut shoreline whose past, present and future are linked inextricably to the waters of Long Island Sound, a bountiful yet sometimes cruel master.Sandwiched between Old Saybrook and Madison on the Shore Line East commuter rail line, Clinton and Westbrook each comprise roughly 16 square miles of land that was once the home of a Native American people known as the Hammonasset, a word that means "where we dig holes in the ground," aka farming. (http://www.courant.com/new-haven-living/town-spotlight/hc-nhl-clinton-westbrook-july-20140702-story.html)Clinton traces its history from 1663 when the land between Guilford and Saybrook, as they were then bounded, was known as Hammonasset. In this year a committee was appointed by the General Court at Hartford to lay out this area as a plantation. In 1667 the settlement was designated a town and named Kenilworth. By the middle of the eighteenth century, through changes in use, this name became Killingworth. In 1838 the southern portion was incorporated by the General Assembly as the Town of Clinton, the northern portion retaining the name of Killingworth. The town was named after New York Governor DeWitt Clinton. (https://en.wikipedia.org/wiki/Clinton,_Connecticut)

Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material.

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Photos


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Property Detail


Style: Commercial Building Year Built: 1965-1967Acres: 1.46Building SF: 14,5382018 Taxes: $24,468.14Zone: B-4Parcel #: 88/69/ 123

Town Card


Location 333 EAST MAIN ST Mblu 88/ 69/ 123/ /

Acct# C0122600 Owner CARLSON ROBERT

Assessment $711,800 Appraisal $1,016,900

PID 6672 Building Count 2

Owner CARLSON ROBERTCo-OwnerAddress PO BOX 1236

NEW MILFORD, CT 06776

Sale Price $1,300,000CertificateBook & Page 0418/1053

Sale Date 10/02/2007Instrument UNKQ

Year Built: 1965Living Area: 7,616Replacement Cost: $910,185Building Percent Good: 75

333 EAST MAIN ST

Current Value

Appraisal

Valuation Year Improvements Land Total

2015 $754,100 $262,800 $1,016,900

Assessment


2015 $527,800 $184,000 $711,800

Owner of Record

Ownership History

Ownership History

Owner Sale Price Certificate Book & Page Instrument Sale Date

CARLSON ROBERT $1,300,000 0418/1053 UNKQ 10/02/2007

333 BOSTON POST RD LLC $0 0382/0674 04/14/2005

CRACO PATRICK J $0 0072/0559

Building Information

Building 1 : Section 1

Vision Government Solutions https://gis.vgsi.com/clintonct/Parcel.aspx?Pid=6672

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Replacement CostLess Depreciation: $682,600

Building Attributes

Field Description

STYLE Service Shop

MODEL Ind/Comm

Grade Good + 10

Stories: 1

Occupancy 1.00

Exterior Wall 1 Concr/Cinder

Exterior Wall 2 Brick Veneer

Roof Structure Flat

Roof Cover Tar & Gravel

Interior Wall 1 Minim/Masonry

Interior Wall 2

Interior Floor 1 Concr-Finished

Interior Floor 2

Heating Fuel Oil

Heating Type Forced Air-Duc

AC Type None

Struct Class

Bldg Use AUTO REPR MDL-96

Total Rooms

Total Bedrms 00

Total Baths 0

Usrfld 218

Usrfld 219

1st Floor Use: 332I

Heat/AC NONE

Frame Type MASONRY

Baths/Plumbing AVERAGE

Ceiling/Wall NONE

Rooms/Prtns AVERAGE

Wall Height 15.00

% Comn Wall 0.00

Legend

Building Photo

(http://images.vgsi.com/photos/ClintonCTPhotos//\00\01\49\07.jpg)

Building Layout

(http://images.vgsi.com/photos/ClintonCTPhotos//Sketches/6672_6672.jpg)

Building Sub-Areas (sq ft)

Code DescriptionGrossArea

LivingArea

BAS First Floor 7,616 7,616

UST Utility, Storage, Unfinished 432 0

WHS WAREHOUSE 3,880 0

11,928 7,616

Year Built: 1967Living Area: 2,610Replacement Cost: $107,786Building Percent Good: 75Replacement CostLess Depreciation: $80,800

Building 2 : Section 1


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Building Attributes : Bldg 2 of 2

Field Description

STYLE Coin-op CarWsh

MODEL Ind/Comm

Grade Average +20

Stories: 1

Occupancy 1.00

Exterior Wall 1 Concr/Cinder

Exterior Wall 2 Brick Veneer

Roof Structure Flat

Roof Cover Metal/Tin

Interior Wall 1 Minim/Masonry

Interior Wall 2

Interior Floor 1 Concr-Finished

Interior Floor 2

Heating Fuel Coal or Wood

Heating Type None

AC Type None

Struct Class

Bldg Use AUTO REPR MDL-96

Total Rooms

Total Bedrms 00

Total Baths 0

Usrfld 218

Usrfld 219

1st Floor Use: 332I

Heat/AC NONE

Frame Type MASONRY

Baths/Plumbing NONE

Ceiling/Wall NONE

Rooms/Prtns AVERAGE

Wall Height 12.00

% Comn Wall 0.00

Legend

Building Photo

(http://images.vgsi.com/photos/ClintonCTPhotos//default.jpg)

Building Layout

(http://images.vgsi.com/photos/ClintonCTPhotos//Sketches/6672_6897.jpg)

Building Sub-Areas (sq ft)

Code DescriptionGrossArea

LivingArea

BAS First Floor 2,610 2,610

2,610 2,610

Legend

Extra Features

Extra Features

Code Description Size Value Bldg #

MEZ1 MEZZANINE-UNF 3880.00 S.F. $40,700 1

MEZ2 FINISHED 1116.00 S.F. $18,400 1

Land


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Legend

(c) 2020 Vision Government Solutions, Inc. All rights reserved.

Outbuildings

Outbuildings

Code Description Sub Code Sub Description Size Value Bldg #

PAV1 PAVING-ASPHALT 9700.00 S.F. $7,300 1

Valuation History

Appraisal


2018 $754,100 $262,800 $1,016,900

2010 $580,700 $344,900 $925,600

2009 $706,800 $252,600 $959,400

Assessment


2018 $527,800 $184,000 $711,800

2010 $406,600 $241,400 $648,000

2009 $494,700 $176,800 $671,500


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Subject Property333 E Main St

TRAFFIC COUNTS

Count YearTraffic Volume Dist from SubjectCollection Street Cross Street - Direction

COUNTS BY STREETS

E Main St Bluff Ave - W 7,900 2018 0.05 mi1

Boston Post Rd Broadway N - W 8,200 2016 0.24 mi2

Boston Post Rd Broadway N - W 7,933 2018 0.24 mi3

Groveway Causeway - W 571 2018 0.30 mi4

Grove Beach Rd N Lilac Ln - N 4,067 2018 0.31 mi5

Boston Post Rd Grove Beach Rd S - W 8,092 2018 0.36 mi6

Causeway Groveway - SE 855 2018 0.38 mi7

E Main St Causeway - E 7,593 2018 0.53 mi8

E Main St Causeway - E 8,000 2016 0.53 mi9

Old Post Rd Wildwood Park Rd - NE 4,700 2012 0.82 mi10

5/28/2020Copyrighted report licensed to Seaport Commercial - 453659

Seaport Commercial Page 6

Flood Zone Determination


Clinton, Connecticut CERC Town Profile 2019 Produced by Connecticut Data Collaborative Town Hall54 East Main StreetClinton, CT 06413(860) 669-9333

Belongs ToMiddlesex CountyLMA New HavenLower CT River Valley Planning Area

Incorporated in 1838

Town County State

2000 13,094 155,071 3,405,5652010 13,260 165,676 3,574,0972013-2017 13,041 164,110 3,594,4782020 12,256 170,518 3,604,591'17 - '20 Growth / Yr -2.1% 1.3% 0.1%

Town County State

White Non-Hisp 11,676 138,523 2,446,049Black Non-Hisp 65 8,046 350,820Asian Non-Hisp 139 4,780 154,910Native American Non-Hisp 4 156 5,201Other/Multi-Race Non-Hisp 162 2,993 84,917Hispanic or Latino 995 9,612 551,916Town County State

Land Area (sq. miles) 16 369 4,842Pop./Sq. Mile (2013-2017) 805 444 742Median Age (2013-2017) 46 45 41Households (2013-2017) 5,334 66,599 1,361,755Med. HH Inc. (2013-2017) $76,509 $81,673 $73,781

Town County StatePoverty Rate (2013-2017) 8.5% 7.2% 10.1%

Town State

High School Graduate 2,593 27% 673,582 27%Associates Degree 815 9% 188,481 8%Bachelors or Higher 3,606 38% 953,199 38%

Town StateVeterans (2013-2017) 908 180,111

0-4 5-14 15-24 25-44 45-64 65+ Total

Town 531 4% 1,758 13% 1,220 9% 2,814 22% 4,271 33% 2,447 19% 13,041 100%County 7,042 4% 17,570 11% 20,717 13% 36,566 22% 52,019 32% 30,196 18% 164,110 100%State 186,188 5% 432,367 12% 495,626 14% 872,640 24% 1,031,900 29% 575,757 16% 3,594,478 100%

Demographics

Population Race/Ethnicity (2013-2017)

Educational Attainment (2013-2017)

Age Distribution (2013-2017)

Sector Units Employment

Total - All Industries 472 4,244

23 - Construction 61 367

31-33 - Manufacturing 18 369

44-45 - Retail Trade 105 1,433

62 - Health Care and Social Assistance 28 340

72 - Accommodation and Food Services 25 312

Total Government 13 540

Amount

Chelsea GCA Realty Partnership LP $49,726,605CT Water Company $19,231,420JMH Associates $13,161,925Eversource $10,846,080NP LLC (Shoprite) $8,794,160Net Grand List (SFY 2016-2017) $1,522,190,780

CT Water Company Clinton Crossing Premium Outlets Stop & Shop Clinton Public School System Shop Rite

Economics

Business Profile (2018) Top Five Grand List (2018)

Major Employers (2018)

Grades Enrollment

Clinton School District PK-12 1744

Grade 3 Grade 4 Grade 8

Town State Town State Town StateMath 43.4% 53.8% 46.1% 51.3% 60.0% 43.0%ELA 53.3% 53.1% 59.6% 54.9% 57.8% 56.1%

2018-2019

Clinton School District 59 All

Connecticut 10.7%Clinton School District 7.1%

All Female Male

Connecticut 88.3% 91.8% 85.1%Clinton School District 90.9% 95.8% 85.0%

Town County StatePublic 91.2% 87.0% 86.8%Private 8.8% 13.0% 13.2%

Education

2018-2019 School Year Smarter Balanced Test Percent Above Goal (2017-2018)

Pre-K Enrollment (PSIS)

Rate of Chronic Absenteeism (2017-2018)

4-Year Cohort Graduation Rate (2017-2018)

Public vs Private Enrollment (2013-2017)

Town Profiles Generated on 01/16/20 - Page 1 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this

information.

Clinton, Connecticut CERC Town Profile 2019

Total Revenue (2017) $56,320,422Tax Revenue $41,499,416Non-tax Revenue $14,821,006Intergovernmental $13,772,705

Per Capita Tax (2017) $2,959As % of State Average 100.9%

Total Expenditures (2017) $55,232,665Education $37,806,517Other $17,426,148

Total Indebtedness (2017) $57,058,903As % of Expenditures 103.3%Per Capita $4,404As % of State Average 175.2%

Annual Debt Service (2017) $3,530,498As % of Expenditures 6.4%

Eq. Net Grand List (2017) $2,175,563,971Per Capita $167,906As % of State Average 111.2%

Moody's Bond Rating (2017) Aa2Actual Mill Rate (2017) 27.14Equalized Mill Rate (2017) 17.62% of Net Grand List Com/Ind (2017) 12.7%

Government Form: Selectman - Town Meeting

Government

Town County StateTotal Units 6,123 75,938 1,507,711% Single Unit (2013-2017) 79.7% 70.8% 59.2%New Permits Auth (2017) 45 237 4,547As % Existing Units 0.7% 0.3% 0.3%Demolitions (2017) 2 25 1,403Home Sales (2017) 187 1,191 21,880Median Price $288,000 $283,700 $270,100Built Pre-1950 share 20.6% 25.1% 29.3%Owner Occupied Dwellings 4,211 49,088 906,798As % Total Dwellings 79.0% 73.7% 66.6%Subsidized Housing (2018) 169 6,619 167,879

Town County StateLess than $100,000 9 35 536$100,000-$199,999 23 145 5,237$200,000-$299,999 74 405 6,681$300,000-$399,999 45 329 3,863$400,000 or More 36 277 5,563

Town County StateMedian Rent $1,201 $1,132 $1,123Cost-burdened Renters 57.9% 50.8% 52.3%

Housing/Real Estate

Housing Stock (2013-2017) Distribution of House Sales (2017)

Rental (2013-2017)

Town County StateResidents Employed 7,039 89,811 1,827,070Residents Unemployed 247 3,267 78,242Unemployment Rate 3.4% 3.5% 4.1%Self-Employed Rate 11.9% 11.2% 10.0%Total Employers 472 5,433 122,067Total Employed 4,244 68,827 1,673,867

Commuters Into Town From: Town Residents Commuting To:Clinton, CT 951 Clinton, CT 951Westbrook, CT 220 New Haven, CT 672Madison, CT 183 Westbrook, CT 492Guilford, CT 138 Madison, CT 365Killingworth, CT 131 Guilford, CT 321

Branford, CT 130Old Saybrook,CT

293

Old Saybrook,CT

120 Branford, CT 276

Labor Force

Connecticut Commuters (2015)

Town StateProperty 2,307 1,777Violent 131 228

Town StateFemale 0.0% 4.2%Male 3.4% 5.6%

TownLibrary circulation per capita 12.06

MilesHartford 33

Providence 68

New York City 85

Boston 106

Montreal 298

Eversource Energy(800) 286-2000

Southern Connecticut Gas Company(800) 659-8299

Connecticut Water Company(800) 286-5700

Comcast Clinton(800) 266-2278

Quality of Life

Crime Rates (per 100,000 residents) (2017)

Disengaged Youth (2013-2017)

Distance to Major Cities Residential UtilitiesElectric Provider

Gas Provider

Water Provider

Cable Provider

Town Profiles Generated on 01/16/20 - Page 2 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this

information.

Subject Property333 E Main St

DEMOGRAPHICS

10 Min. Drive10 Miles5 MilesPopulation 1 Mile 3 Miles

Population 19,69775,02827,2462,195 13,487

5 Yr Growth 1.1%0.3%1.0%2.8% 1.5%

Median Age 49504952 49

5 Yr Forecast 49514953 50

White / Black / Hispanic 95% / 1% / 7%95% / 1% / 5%96% / 1% / 6%96% / 1% / 5% 95% / 1% / 7%

5 Yr Forecast 95% / 1% / 8%95% / 1% / 5%95% / 1% / 7%96% / 1% / 6% 95% / 1% / 8%

Employment 10,98845,82513,7181,660 8,348

Buying Power $685.1M$2.9B$1B$82.3M $464.9M

5 Yr Growth 5.1%2.2%4.7%7.3% 5.2%

College Graduates 45.4%44.0%36.5%33.2% 33.4%

Household

Households 8,17830,62411,2361,005 5,804

5 Yr Growth 1.3%0.4%1.1%2.7% 1.6%

Median Household Income $83,769$95,436$90,382$81,852 $80,100

5 Yr Forecast $86,943$97,193$93,581$85,531 $82,968

Average Household Income $112,641$124,398$114,840$118,254 $106,829

5 Yr Forecast $116,221$126,258$117,735$122,698 $110,170

% High Income (>$75k) 54%60%57%54% 53%

Housing

Median Home Value $311,167$364,246$326,758$275,333 $293,201

Median Year Built 1966196919671964 1964

Owner / Renter Occupied 78% / 22%82% / 18%80% / 20%80% / 20% 75% / 25%

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333 East Main Street - Property Vault


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Documents

PROPERTY OFFERING · PROPERTY OVERVIEW • Welcome to Clinton • Aerial Photography • Maps • Photo Highlights • Property Detail • Property Cards • Traffic Counts • Flood