30 Ml StFarmington, CT 06085

  • Office properties
  • 10,288 SF
For Lease

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
30 Ml St, Farmington, Connecticut

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

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
$15,978
$177,170
$482,790
$659,960
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].