353 Alumni RdNewington, CT 06111

  • Industrial properties
  • 622,262 SF
For Lease
$6/SF/YR View listing

Property Details for 353 Alumni Rd

Year built
1956
Construction
BRICK
Lot size
47.95 AC
Property size (Sq ft)
622,262 SF
Zone code
I
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
NEWI M:9 B:303 L:0
APU
NEWIM9B303L0

Description

This exceptional 614,600-square-foot industrial property, built in 1965 and renovated in 2012, offers a single-story building with 18-foot ceilings and ample space for manufacturing, warehousing, or distribution. Currently, up to 141,000 contiguous square feet is available for lease, with a minimum divisible space of 55,000 square feet. The property boasts eight loading docks, eight dock-high doors, and three drive-in doors, ensuring efficient loading and unloading. Power is provided by a robust 1200-amp, 230/480-volt, 3-phase system. The building features approximately 750 square feet of existing office space, with the potential to expand as needed. Located in a desirable Newington business corridor, this property offers convenient access to major highways, including Route 9, I-91, and I-84, providing easy access to major Northeast, Mid-Atlantic, and Midwest markets. The property is zoned I, and its expansive lot provides ample room for operations. The building's layout allows for flexible configurations, including potential limited cross-docking capabilities. Separate office and staff entrances enhance security and convenience. This is a prime opportunity for businesses seeking a well-maintained, strategically located industrial space with excellent highway access.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $117,756,312
    Hospitality
    $107,864,144
    Educational
    $89,741,704
    Medical
    $92,828,056
    Retail
    $139,598,208
353 Alumni Rd, Newington, Connecticut

Location Insight

City
Newington
County
Hartford
State
Connecticut
Latitude
41.7055
Longitude
-72.7363
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
$577,219
$1,793,790
$13,253,630
$15,047,420
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