30 Ml StFarmington, CT 06085
- Office properties
- 10,288 SF
Property Details for 30 Ml St
- Year built
- 1969
- Lot size
- 0.64 AC
- Property size (Sq ft)
- 10,288 SF
- Zone code
- UC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- FARM M:0012 B:4-12600030
- APU
- FARMM0012B412600030
Description
This exceptional Unionville, CT office building, formerly Ryan's Pharmacy, presents a unique investment opportunity. The 10,288 square foot, two-story building sits on a 0.63-acre lot and offers a blend of traditional office and medical spaces. Approximately 3,000 square feet are meticulously designed as medical offices, complete with nine exam rooms, a separate entrance and reception area, a lab, provider offices, and a break room—all built just four years ago. The first floor also includes a yoga studio and additional office space, allowing for a total of 5,144 contiguous square feet of leasable space. The second floor comprises two separate office units, one measuring 610 square feet and the other 884 square feet, offering flexibility for various business needs. These units can be leased individually or combined for a total of 1,496 contiguous square feet. Ample parking is provided with 44 spaces available, some of which can be designated for patient parking. The building is conveniently located in the Unionville section of Farmington, approximately five miles from I-84, and benefits from prominent road signage. This property offers a compelling combination of established medical infrastructure and adaptable office space, making it ideal for a variety of businesses. The building was constructed in 1969 and currently has five suites. A total of 6,613 square feet is currently vacant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,700,914
- 6.5%
- $1,570,074
- 7%
- $1,457,926
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,344,230
- Geo Method
- $1,344,230
-
Alternative Use
- Use
- Valuation
- Residential
- $1,946,892
- Hospitality
- $1,783,343
- Educational
- $1,483,720
- Medical
- $1,534,748
- Retail
- $2,308,009
Location Insight
- City
- Unionville
- County
- Hartford
- State
- Connecticut
- Latitude
- 41.7572
- Longitude
- -72.8888
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Lease
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