111 Whiting StPlainville, CT 06062

Property Details for 111 Whiting St

Year built

1980

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

3,345 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

PLAI M:28 B:G L:12

APU

PLAIM28BGL12

Description

This exceptional 3,345 square foot commercial property at 111 Whiting Street in Plainville, CT, presents a unique opportunity for discerning businesses. Situated on a half-acre lot, this tastefully renovated space boasts numerous recent upgrades, including a new roof, updated interior ceilings, and three new exterior lighting posts. The building offers ample storage and a significant advantage with its dedicated parking lot accommodating sixteen vehicles. The property's history includes prior use as a bank, a legacy reflected in the still-intact vault and drive-thru, offering intriguing possibilities for adaptive reuse. Central air conditioning ensures year-round comfort. The prime Plainville location provides excellent visibility and accessibility, making this property ideal for a variety of commercial ventures. The asking price is $519,900. This is a rare opportunity to acquire a well-maintained, updated commercial space in a desirable location. Don't miss out on this chance to establish or expand your business in this thriving community. The combination of modern amenities, ample parking, and the unique historical features make this property a truly exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $812,952

  6.5%

  $750,417

  7%

  $696,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,101,385

  Geo Method

  $1,101,385

• Alternative Use

  Use

  Valuation

  Residential

  $633,005

  Hospitality

  $579,829

  Educational

  $482,411

  Medical

  $499,002

  Retail

  $750,417

Location Insight

City

Plainville

County

Hartford

State

Connecticut

Latitude

41.6656

Longitude

-72.8676

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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