435 Hartford TpkeVernon, CT 06066

Property Details for 435 Hartford Tpke

Lot size

6.95 AC

Zone code

COMMER

Property type

Retail properties

Property subtype

Super regional malls

APN

VERN M:11 B:0015 L:00009

APU

VERNM11B0015L00009

Description

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.

• 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

Property Tax & Assessments

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