34 Walnut StNew Britain, CT 06051

Property Details for 34 Walnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 AC

Property size (Sq ft)

28,560 SF

Zone code

CBD

Property type

Industrial properties

APN

NBRI M:C8B B:49

APU

NBRIMC8BB49

Description

This exceptional commercial property, located at 34 Walnut Street in New Britain, Connecticut, offers 41,000 square feet of versatile space in a historic four-story brick building. Currently available for lease as a single tenant occupancy, this property presents a unique opportunity for businesses seeking a prominent location in Hartford County. The building features multiple levels of open space with offices on each floor, providing flexible configurations suitable for a wide range of uses. Potential tenants could adapt the space for corporate offices, healthcare facilities, technology companies, retail showrooms, educational institutions, or distribution centers. Amenities include multiple bathrooms, an elevator, a loading dock, and ample parking on a fully fenced half-acre lot with two convenient entrances and exits. The asking lease rate is a competitive $4 per square foot per year, NNN. The property's strategic location offers easy access to downtown New Britain, Route 9, and I-84, ensuring convenient commutes for employees and clients. The building's industrial-style architecture, highlighted by arched windows and distinctive brickwork, combines historic charm with modern functionality. This property is ideal for businesses requiring secure access, convenient logistics, and a central, easily accessible location in a thriving Connecticut community. The zip code is 06051.

• CAP approach

  CAP return

  Valuation

  6%

  $10,535,700

  6.5%

  $9,725,240

  7%

  $9,030,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,970,640

  Geo Method

  $5,970,640

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,987,050

  Mixed-Use / Specialty

  $4,969,270

  Hospitality / Lodging

  $3,645,800

  Office

  $4,939,750

  Institutional / Educational

  $5,166,040

  Residential Income

  $6,044,270

  Multifamily

  $7,249,170

  Automotive / Energy

  $4,428,040

  Parking / Income-Based Land

  $1,528,060

  Restaurant / Food Service

  $2,584,560

  Healthcare / Senior Housing

  $5,095,900

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Latitude

41.6652

Longitude

-72.7829

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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].