22 Morgan Farms DrSouth Windsor, CT 06074

  • Other commercial real estate
  • 10,050 SF
For Lease
$25/SF/YR View listing

Property Details for 22 Morgan Farms Dr

Year built
1988
Construction
FRAME
Lot size
2.08 AC
Property size (Sq ft)
10,050 SF
Zone code
GC
Property type
Other commercial real estate
Property subtype
Showrooms
APN
SWIN M:100 B:8 L:2
APU
SWINM100B8L2

Description

This exceptional 10,000 square foot office building in South Windsor, CT, offers versatile spaces ideal for various professional uses. Located at 22 Morgan Farms Dr, 06074, this property boasts a prime location on a highly trafficked road, ensuring excellent visibility and accessibility. Currently, two suites are available, one measuring 1,164 square feet and the other 4,200 square feet, with a minimum divisible space of 1,184 square feet. The building features six total suites and ample parking. The property includes convenient amenities such as a handicapped-accessible first floor, a pleasant picnic area for employees, and an attractive covered exterior area for clients. The building is zoned commercial and sits on one acre of land. While medical office space is preferred, the landlord is open to other professional uses, including but not limited to legal, accounting, financial, marketing, or educational facilities. The price is negotiable, contingent upon the size of the leased space and any necessary tenant improvements. Virtual tours are available online. This is a fantastic opportunity to establish your business in a well-maintained and conveniently located building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,442,501
    6.5%
    $2,254,616
    7%
    $2,093,572
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,309,095
    Geo Method
    $3,309,095
  • Alternative Use

    Use
    Valuation
    Residential
    $1,901,853
    Hospitality
    $1,742,087
    Educational
    $1,449,396
    Medical
    $1,499,243
    Retail
    $2,254,616
22 Morgan Farms Dr, South Windsor, Connecticut

Location Insight

City
South Windsor
County
Hartford
State
Connecticut
Latitude
41.8477
Longitude
-72.5655
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
2024
$25,232
$193,200
$539,000
$732,200
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-
-
-

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