1699 King StEnfield, CT 06082

  • Other commercial real estate
  • 112,395 SF
For Lease
$8.40/SF/YR View listing

Property Details for 1699 King St

Year built
1986
Construction
STEEL FRAME
Lot size
7.06 AC
Property size (Sq ft)
112,395 SF
Zone code
I-1
Property type
Other commercial real estate
Property subtype
Showrooms
APN
ENFI M:014 L:0025
APU
ENFIM014L0025

Description

This exceptional Class A office building, located at 1699 King Street in Enfield, Connecticut, presents a unique opportunity for businesses seeking high-quality space at competitive rates. The four-story building, constructed in 1986 and renovated in 2016, boasts a total of 113,515 square feet, with flexible suite sizes ranging from a minimum of 1,315 square feet to a maximum contiguous space of 5,448 square feet. Currently, 9,676 square feet of space is available for lease. The property sits on nine acres of land and is zoned I-1, offering ample parking for tenants. Building amenities include a convenient on-site vending café, covered outdoor seating areas, a fully equipped exercise room, shower and locker room facilities, and high-speed fiber optic connectivity. The professional on-site management team ensures a seamless and efficient tenant experience, complemented by an impressive lobby. Its strategic location along I-91, north of the Dexter Coffin Bridge, provides easy access for businesses and employees commuting from both Hartford and Springfield, Massachusetts. This is an ideal location for companies seeking a modern, well-maintained office space with excellent accessibility and a range of convenient amenities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $27,315,908
    6.5%
    $25,214,684
    7%
    $23,413,636
  • Comparable approach

    Method
    Valuation
    Relative Method
    $37,007,536
    Geo Method
    $37,007,536
  • Alternative Use

    Use
    Valuation
    Residential
    $21,269,530
    Hospitality
    $19,482,776
    Educational
    $16,209,440
    Medical
    $16,766,908
    Retail
    $25,214,684
1699 King St, Enfield, Connecticut

Location Insight

City
Enfield
County
Hartford
State
Connecticut
Latitude
41.9371
Longitude
-72.6023
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
$135,802
$533,900
$3,483,900
$4,017,800
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-
-
-

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