290 Main StAvon, CT 06001

  • Other commercial real estate
  • 1.80 AC
For Lease
$22/SF/YR View listing

Property Details for 290 Main St

Year built
1985
Construction
FRAME
Lot size
1.80 AC
Zone code
CR
Property type
Other commercial real estate
Property subtype
Showrooms
APN
AVON M:7 L:4540290
APU
AVONM7L4540290

Description

This exceptional 2,704 square foot retail space at 290 West Main Street in Avon, Capitol County, presents a unique leasing opportunity. Situated in a highly desirable area, this single-tenant end cap unit boasts an enviable location with visibility to nearly 25,000 vehicles daily. The property features a full basement, providing ample storage or expansion potential. Its strategic placement within a thriving retail corridor ensures significant foot traffic and brand recognition. Nearby prominent retailers such as Home Goods, Walmart, Marshalls, and Fresh Market create a synergistic environment, attracting a substantial customer base. Ample signage opportunities are available, both on the building itself and a prominent monument sign, maximizing visibility and attracting potential customers. This property is ideal for a variety of uses, including national brand retail, office space, or medical practices. The property type is classified as Retail and Land, with a subtype of Commercial Shopping Center. The building consists of a single suite. This is a rare opportunity to secure a prime retail location in a high-traffic area with excellent visibility and proximity to major retailers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,055,882
    6.5%
    $17,590,044
    7%
    $16,333,612
  • Comparable approach

    Method
    Valuation
    Relative Method
    $25,816,868
    Geo Method
    $25,816,868
  • Alternative Use

    Use
    Valuation
    Residential
    $14,837,860
    Hospitality
    $13,591,400
    Educational
    $11,307,886
    Medical
    $11,696,781
    Retail
    $17,590,044
290 Main St, Avon, Connecticut

Location Insight

City
Avon
County
Hartford
State
Connecticut
Latitude
41.814
Longitude
-72.8559
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,185
$424,200
$711,280
$1,135,480
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