318 Farmington AvePlainville, CT 06062

Property Details for 318 Farmington Ave

Year built

1946

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

2,464 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

PLAI M:07 B:D L:01

APU

PLAIM07BDL01

Description

This exceptional 2,464-square-foot retail building presents a compelling investment opportunity in Plainville, Connecticut. Situated on a 0.34-acre lot at 318 Farmington Avenue, this single-story, 1946-constructed property boasts a highly desirable location on busy Route 10, providing easy access to I-84 and significant visibility. The property is zoned GC and includes a permitted area for a rear addition, offering potential for expansion. Previously used as an automotive repair shop and convenience store, the building is accompanied by a detached 208-square-foot shed, adding to its versatility. Clean environmental reports are available. The asking price is $450,000, translating to $182.63 per square foot. This prime location benefits from proximity to major retailers and amenities, including AMC Plainville, Lowe's, Goodwill, J Timothy's Taverne, Kohl's, and Marshalls, ensuring high foot traffic and strong potential for various retail ventures. This property offers a unique blend of established infrastructure and expansion potential in a thriving commercial area. The property's address is 318 Farmington Avenue, Plainville, CT 06062.

• CAP approach

  CAP return

  Valuation

  6%

  $598,838

  6.5%

  $552,774

  7%

  $513,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,304

  Geo Method

  $811,304

• Alternative Use

  Use

  Valuation

  Residential

  $466,285

  Hospitality

  $427,115

  Educational

  $355,354

  Medical

  $367,576

  Retail

  $552,774

Location Insight

City

Plainville

County

Hartford

State

Connecticut

Latitude

41.6873

Longitude

-72.8515

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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