35 Pearl StNew Britain, CT 06051

Property Details for 35 Pearl St

Year built

1988

Property size (Sq ft)

1,076 SF

Zone code

A3

Property type

Office properties

APN

NBRI M:C8D B:14 L:1C

APU

NBRIMC8DB14L1C

Description

This 1,500-square-foot office suite, located at 35 Pearl Street in New Britain, Connecticut, is available for lease. Situated on the third floor of a building constructed in 1988, this entire floor offers a single, expansive space ideal for a variety of professional uses. The property's B-1 zoning allows for flexibility in tenant occupancy. Its advantageous location directly across from the New Britain Courthouse makes it particularly well-suited for legal, accounting, or medical practices. The building itself comprises a single suite across its entire footprint. While the building does not have on-site parking, convenient parking is readily accessible at the nearby courthouse garage. This presents a unique opportunity to secure a sizable, well-located office space in a thriving area of New Britain. The entire 1,500 square feet is currently vacant and ready for immediate occupancy. The property is in Hartford County and offers a significant amount of space for a single tenant. This is a rare opportunity to lease a large, contiguous office space in a highly visible and convenient location. The building's age and zoning provide a solid foundation for a variety of business ventures. The proximity to the courthouse is a key advantage for businesses that frequently interact with the legal system.

• CAP approach

  CAP return

  Valuation

  6%

  $177,895

  6.5%

  $164,211

  7%

  $152,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,590

  Geo Method

  $140,590

• Alternative Use

  Use

  Valuation

  Residential

  $203,621

  Hospitality

  $186,516

  Educational

  $155,179

  Medical

  $160,516

  Retail

  $241,390

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Latitude

41.663

Longitude

-72.7775

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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