1436 Berlin TpkeBerlin, CT 06037

Property Details for 1436 Berlin Tpke

Year built

1985

Construction

STEEL FRAME

Lot size

1.05 AC

Property size (Sq ft)

11,232 SF

Zone code

BT-1

Property type

Office properties

Property subtype

Office buildings

APN

BERL M:16-3 B:117 L:18C

APU

BERLM163B117L18C

Description

This exceptional 1,650 sq ft traditional office space is located on the highly visible Berlin Turnpike (Route 5/15) in Berlin, CT, zip code 06037. The second-floor space offers versatile configurations, easily subdivided to create independent office suites, ranging from approximately 1,360 sq ft to a maximum contiguous space of approximately 3,010 sq ft. Currently, two spaces are available: one 1,360 sq ft space with three private offices and a large open area, and a 1,650 sq ft space, previously a gym, featuring one private office and a large open area. The building provides ample parking with 40 spaces. This prime location offers easy access to I-84 and I-91, making it ideal for various professional businesses or medical practices. Utilities are the responsibility of the tenant. The property boasts excellent visibility and convenient access, presenting a unique opportunity to establish a business in a highly sought-after area of Berlin, Connecticut. This space is perfect for businesses seeking a flexible and convenient location with high visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,856,985

  6.5%

  $1,714,140

  7%

  $1,591,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,467,573

  Geo Method

  $1,467,573

• Alternative Use

  Use

  Valuation

  Residential

  $2,125,534

  Hospitality

  $1,946,978

  Educational

  $1,619,862

  Medical

  $1,675,572

  Retail

  $2,519,786

Location Insight

City

Berlin

County

Hartford

State

Connecticut

Latitude

41.612

Longitude

-72.7471

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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