29 Naek RdVernon, CT 06066

  • Industrial properties
  • 21,540 SF
For Sale
$2,150,000 View listing

Property Details for 29 Naek Rd

Year built
1989
Construction
STEEL FRAME
Lot size
2.19 AC
Property size (Sq ft)
21,540 SF
Zone code
SED
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
VERN M:03 B:0004 L:008-3
APU
VERNM03B0004L0083

Description

This ±21,540 square foot industrial/flex property, located at 29 Naek Road in Vernon, CT 06066, presents a compelling investment opportunity. Built in 1996, the single-story building sits on a substantial 2.64-acre lot, offering ample space and potential. The property boasts six loading docks, a 15-foot clear ceiling height, and 100 parking spaces, catering to a variety of operational needs. Currently, three long-term tenants occupy the space, with existing rental income significantly below current market rates, suggesting strong potential for increased revenue. The property is zoned GB and benefits from a convenient location east of the Connecticut River, providing easy access to major highways, regional markets, and the airport. Recent improvements include a new roof. This well-maintained property is ideal for an owner-user seeking a blend of industrial and flex space, or for an investor looking for a strong return on investment. The property's size, features, and location combine to create a highly desirable asset in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,076,210
    Hospitality
    $3,733,787
    Educational
    $3,106,467
    Medical
    $3,213,303
    Retail
    $4,832,282
29 Naek Rd, Vernon, Connecticut

Location Insight

City
Vernon
County
Tolland
State
Connecticut
Latitude
41.8391
Longitude
-72.4935
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,255
$94,150
$632,280
$726,430
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