352 Hartford TpkeVernon, CT 06066

Property Details for 352 Hartford Tpke

Year built

1966

Construction

STEEL FRAME

Lot size

2.20 AC

Property size (Sq ft)

18,900 SF

Zone code

COMMER

Property type

Super regional malls

APN

VERN M:11 B:0014 L:00001

APU

VERNM11B0014L00001

Description

This exceptional 18,900 square foot retail property, situated on 2.2 acres at 352 Hartford Turnpike in Vernon, CT, presents a compelling investment opportunity. Built in 1966, this single-story building boasts 10 individual suites, offering flexibility for various retail uses including stores, gyms, and classes. The property features a concrete slab foundation, 9-foot ceilings, city water and sewer, natural gas heat, and central air conditioning. Prominent street and individual unit signage enhances visibility. Each suite is equipped with independent electric and gas meters. The high-traffic location on Route 30, with close proximity to I-84, ensures significant daily traffic of nearly 8,500 vehicles. Two immediately available suites total approximately 5,453 square feet (1,000 sq ft and 4,453 sq ft), with the possibility of combining adjacent spaces for larger tenants. 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. This property's prime location and versatile suite options make it an ideal investment for discerning retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,593,360

  6.5%

  $4,240,024

  7%

  $3,937,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,223,074

  Geo Method

  $6,223,074

• Alternative Use

  Use

  Valuation

  Residential

  $3,576,619

  Hospitality

  $3,276,164

  Educational

  $2,725,730

  Medical

  $2,819,472

  Retail

  $4,240,024

Location Insight

City

Vernon

County

Tolland

State

Connecticut

Latitude

41.8273

Longitude

-72.4871

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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