828 Hopmeadow StSimsbury, CT 06070

Property Details for 828 Hopmeadow St

Year built

1954

Lot size

3.50 AC

Property size (Sq ft)

43,832 SF

Zone code

SCZ

Property type

Retail properties

Property subtype

Retail space

APN

SIMS M:H09 B:227 L:1A+1B

APU

SIMSMH09B227L1A1B

Description

This exceptional retail opportunity, Andy's Center Shops, offers 2,632 square feet of vacant space within a 14,500-square-foot multi-tenant building located at 828 Hopmeadow St, Simsbury, CT 06070. Situated in the heart of Simsbury, this property benefits from high visibility and traffic counts, with 14,500 vehicles passing daily at slow speeds. The building boasts strong anchor tenants including Valley Fine Wines and UConn Health Center on the upper level, and People's Choice Pizza and the Iron Horse Pub on the lower level. This vibrant location is surrounded by a variety of complementary businesses such as CVS, Starbucks, Subway, Plan B Burger, Millwright's Restaurant, Simsbury Performing Arts Center, McLadden's Restaurant & Pub, and Fitzgerald's Foods. The property also enjoys proximity to Ensign-Bickford, the International Skating Center of Simsbury, and future high-end residential developments. The available space offers excellent frontage on Hopmeadow Street (626 sq ft on the upper level) and Iron Horse Boulevard (1393 sq ft on the lower level). Ample parking is provided with 50 spaces. A left end-cap space is available for lease at a rate of $25 per square foot NNN. This presents a unique opportunity for a business seeking a high-traffic, established location in a thriving community. The property is located in Hartford County.

• CAP approach

  CAP return

  Valuation

  6%

  $10,652,706

  6.5%

  $9,833,267

  7%

  $9,130,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,432,265

  Geo Method

  $14,432,265

• Alternative Use

  Use

  Valuation

  Residential

  $8,294,729

  Hospitality

  $7,597,927

  Educational

  $6,321,386

  Medical

  $6,538,788

  Retail

  $9,833,267

Location Insight

City

Simsbury

County

Hartford

State

Connecticut

Latitude

41.8768

Longitude

-72.8002

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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