440 New Britain AvePlainville, CT 06062
- Healthcare properties
- 27,937 SF
Property Details for 440 New Britain Ave
- Year built
- 1998
- Construction
- STEEL FRAME
- Lot size
- 6.23 AC
- Property size (Sq ft)
- 27,937 SF
- Zone code
- RI
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- PLAI M:32 B:B L:02
- APU
- PLAIM32BBL02
Description
This exceptional 27,937 square foot Class B medical office building, situated on a 6.29-acre lot in Plainville, Connecticut, presents a unique investment opportunity. Built in 1998, the single-story building features 149 parking spaces and is zoned RI. Currently, there is space available ranging from 8,000 to 10,000 square feet, with the potential for a build-to-suit addition of up to 10,000+ square feet. The property boasts a strong tenant roster, including Hartford Healthcare and the Central Connecticut Endoscopy Center, creating a synergistic environment. Its strategic location across from the newly constructed Hartford HealthCare Medical Arts Building and a hospital-owned Cancer Center (joint venture with Memorial Sloan Kettering) provides excellent visibility and access to a robust referral network. Convenient highway access and abundant local amenities further enhance its appeal. The minimum divisible space is 10,000 square feet, with a maximum contiguous space also of 10,000 square feet. This property is ideal for a medical practice seeking a highly accessible and well-established location in central Connecticut. The property's address is 440 New Britain Ave, Plainville, CT 06062.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,618,820
- 6.5%
- $4,263,526
- 7%
- $3,958,989
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,650,248
- Geo Method
- $3,650,248
-
Alternative Use
- Use
- Valuation
- Residential
- $5,286,773
- Hospitality
- $4,842,656
- Educational
- $4,029,033
- Medical
- $4,167,597
- Retail
- $6,267,384
Location Insight
- City
- Plainville
- County
- Hartford
- State
- Connecticut
- Latitude
- 41.6704
- Longitude
- -72.8317
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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