55 Winthrop StNew Britain, CT 06052

Property Details for 55 Winthrop St

Year built

1989

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

8,682 SF

Zone code

T

Property type

Showrooms

APN

NBRI M:D8A B:10

APU

NBRIMD8AB10

Description

This attractive two-story, 8,682-square-foot office building in New Britain, Connecticut, is available for lease. Located at 55 Winthrop St, 06052, this single-tenant property sits on a 0.36-acre lot in Capitol County. The building features a fully handicap-accessible design, with both the second-floor and basement suites serviced by an elevator. Recent renovations include fresh paint, new carpeting, and energy-efficient LED lighting throughout. Each suite boasts a reception area, one and a half bathrooms, and numerous offices, some equipped with hand sinks, making it suitable for medical use. The property is wired with CAT 5 cabling. Ample on-site parking is available, supplemented by a large overflow lot nearby. The asking rent is $15.00 per square foot gross plus utilities for the second floor and $13.00 per square foot gross plus utilities for the basement suite. This well-maintained property offers a prime location and modern amenities, making it an ideal space for a variety of businesses. The property is owner-managed, ensuring consistent upkeep and responsiveness to tenant needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,110,029

  6.5%

  $1,947,719

  7%

  $1,808,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,858,663

  Geo Method

  $2,858,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,642,974

  Hospitality

  $1,504,955

  Educational

  $1,252,105

  Medical

  $1,295,167

  Retail

  $1,947,719

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Latitude

41.6592

Longitude

-72.7857

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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