945 Cromwell AveRocky Hill, CT 06067

Property Details for 945 Cromwell Ave

Year built

1979

Construction

STEEL FRAME

Lot size

3.38 AC

Property size (Sq ft)

35,224 SF

Zone code

C

Property type

Other commercial real estate

Property subtype

Showrooms

APN

ROCK M:16 L:262

APU

ROCKM16L262

Description

Highly visible retail/office space in Rocky Hill, Connecticut's Cold Spring Plaza, located at 945 Cromwell Ave, 06067. This 11,500 square foot space, previously occupied by Ace Hardware, offers exceptional flexibility and is divisible to accommodate various tenant needs. The property boasts a prime location near major highways, with convenient access to I-91 exit 23 and just a 12-minute drive from Hartford. Benefitting from high traffic flow due to its proximity to residential areas including over 3,000 nearby condominiums and apartments, as well as established businesses such as Century Hills apartments, West Side Market, Carbone's Prime Restaurant, Starbucks, Trinity Health Care, Bank of America, and Modern Tire Auto Center. The single-story building, constructed in 1979, features a 12-foot ceiling height and ample parking with 140 spaces. The space includes a full bathroom, office space, breakroom, and a rear entrance with a convenient 12-foot overhead drive-in door. The total building size is 35,224 square feet, situated on a 3.38-acre lot. This versatile property is ideal for retail, service, or professional businesses seeking a high-visibility location with excellent accessibility and ample amenities. The property is zoned for retail, office, and restaurant uses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,560,662

  6.5%

  $7,902,149

  7%

  $7,337,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,597,967

  Geo Method

  $11,597,967

• Alternative Use

  Use

  Valuation

  Residential

  $6,665,758

  Hospitality

  $6,105,799

  Educational

  $5,079,953

  Medical

  $5,254,660

  Retail

  $7,902,149

Location Insight

City

Rocky Hill

County

Hartford

State

Connecticut

Latitude

41.645

Longitude

-72.6786

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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