This exceptional Vernon, CT retail property, located on Hartford Turnpike (Route 30) near I-84, offers 4 immediately available spaces within a larger 54,108 square foot complex. The two single-story buildings boast 21 suites total, situated on a 6.95-acre lot and built in 1988. Each unit features 9-foot ceilings, city water and sewer, natural gas heat, central air conditioning, and prominent street and unit signage. All spaces are handicap accessible and include private bathrooms, individual electric and gas meters, and non-load-bearing interior walls, allowing for flexible build-outs. Two spaces (W & Y) can be combined to create a larger, contiguous 3,600 square foot space. The property benefits from high visibility and traffic counts exceeding 7,000 vehicles daily. Owners prefer a minimum three-year lease term, but shorter terms may be considered. Tenants are responsible for rent, utilities, and NNN/CAM charges. Lease pricing is available upon request. Contact us today to schedule a showing and discuss lease terms.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$73,576,872
6.5%
$67,917,112
7%
$63,065,892
Comparable approach
Method
Valuation
Relative Method
$99,681,800
Geo Method
$99,681,800
Alternative Use
Use
Valuation
Residential
$57,290,628
Hospitality
$52,477,908
Educational
$43,661,004
Medical
$45,162,572
Retail
$67,917,112
Location Insight
City
Vernon
County
Tolland
State
Connecticut
Latitude
41.83
Longitude
-72.4824
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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