276 Main StFarmington, CT 06032

Property Details for 276 Main St

Year built

1965

Lot size

0.37 AC

Property size (Sq ft)

4,264 SF

Zone code

BR

Property type

Office buildings

APN

FARM M:0129 B:1

APU

FARMM0129B1

Description

This exceptional 4,267 square foot commercial building presents a unique investment opportunity in the thriving Farmington, CT business district. Situated on a 0.37-acre lot at 276 Main Street, this fully remodeled property boasts four separate commercial spaces, each with its own private entrance. This versatile layout is perfect for owner-occupiers seeking to establish their business or investors aiming for a strong income stream. The building's prime location on a high-traffic street, with a daily car count exceeding 12,000, guarantees exceptional visibility and accessibility for tenants. This translates to significant marketing advantages and increased potential for attracting a diverse range of businesses. The property's modern design is complemented by a state-of-the-art smart video security system, ensuring a secure and technologically advanced environment for all occupants. The building's strong location, combined with its flexible layout and modern amenities, makes it an attractive proposition for a variety of commercial uses, promising a solid return on investment. The asking price for this exceptional property is $700,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset in a highly desirable location within a robust and growing market. The building's modern features and strategic location combine to create a truly exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $704,967

  6.5%

  $650,738

  7%

  $604,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,134

  Geo Method

  $557,134

• Alternative Use

  Use

  Valuation

  Residential

  $806,916

  Hospitality

  $739,130

  Educational

  $614,948

  Medical

  $636,097

  Retail

  $956,585

Location Insight

City

Farmington

County

Hartford

State

Connecticut

Latitude

41.708

Longitude

-72.8426

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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