99 Citizens DrGlastonbury, CT 06033

Property Details for 99 Citizens Dr

Year built

1984

Construction

FRAME

Lot size

1.50 AC

Property size (Sq ft)

5,708 SF

Zone code

PI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

GLAS M:E5 B:1140 L:N0002

APU

GLASME5B1140LN0002

Description

This exceptional 12,000-square-foot commercial building is situated on a 1.5-acre lot in the thriving town of Glastonbury, Connecticut. Its convenient location offers easy access to major highways and the town center, ensuring high visibility and accessibility for businesses. The property is currently configured to accommodate a variety of uses, presenting an ideal opportunity for an owner-occupier seeking a space to establish or expand their operations. A portion of the building, encompassing 3,500 square feet, is also available for lease at a rate of $14 per square foot, providing a potential income stream for the new owner. The existing tenants contribute to a stable and established occupancy level. This versatile property is well-suited for a range of commercial ventures, benefiting from its prime location and the potential for both owner-use and rental income. The ample 1.5-acre lot offers significant potential for future expansion or development, further enhancing the property's long-term value and investment potential. This is a rare opportunity to acquire a substantial commercial property in a highly desirable location, offering a blend of immediate occupancy and income-generating potential. The property's strategic location and flexible layout make it an attractive proposition for discerning investors and business owners alike. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,387,243

  6.5%

  $1,280,532

  7%

  $1,189,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,879,434

  Geo Method

  $1,879,434

• Alternative Use

  Use

  Valuation

  Residential

  $1,080,177

  Hospitality

  $989,436

  Educational

  $823,199

  Medical

  $851,510

  Retail

  $1,280,532

Location Insight

City

Glastonbury

County

Hartford

State

Connecticut

Latitude

41.7159

Longitude

-72.5889

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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