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
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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