55 Winthrop StNew Britain, CT 06052

  • Other commercial real estate
  • 8,682 SF
For Lease

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
Other commercial real estate
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
55 Winthrop St, New Britain, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,098
$33,180
$178,360
$211,540
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-
-
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FAQs

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