507 Hopmeadow StSimsbury, CT 06070

Property Details for 507 Hopmeadow St

Year built

1928

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.49 AC

Property size (Sq ft)

13,440 SF

Zone code

PO

Property type

Office buildings

APN

SIMS M:G13 B:103 L:22

APU

SIMSMG13B103L22

Description

This exceptional medical office space, located at 507 Hopmeadow Street in Simsbury, Connecticut, offers three available suites ranging from 1,803 to 3,000 square feet. The property is classified as a Class B building and is zoned PO, making it ideal for a variety of medical practices. Situated in Hartford County, this convenient location offers easy access for patients and staff. The building features ample parking, with a ratio of 5+ spaces per 1,000 square feet, ensuring convenient parking for both patients and staff. The total building size is 1 square foot, with 3,000 square feet currently vacant and available for lease. The property is a multi-tenant building, providing a collaborative environment. The address is 507 Hopmeadow Street, Simsbury, CT 06070. This prime location in Simsbury offers a thriving community and excellent visibility. The available space presents a fantastic opportunity for medical professionals seeking a well-maintained and conveniently located office space to establish or expand their practice. Interested parties should inquire for lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,222,034

  6.5%

  $2,051,108

  7%

  $1,904,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,756,070

  Geo Method

  $1,756,070

• Alternative Use

  Use

  Valuation

  Residential

  $2,543,374

  Hospitality

  $2,329,716

  Educational

  $1,938,297

  Medical

  $2,004,958

  Retail

  $3,015,128

Location Insight

City

Simsbury

County

Hartford

State

Connecticut

Latitude

41.8591

Longitude

-72.812

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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