66 Cedar StNewington, CT 06111

Property Details for 66 Cedar St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.35 AC

Property size (Sq ft)

26,969 SF

Zone code

B-TC

Property type

Office properties

Property subtype

Office buildings

APN

NEWI M:10 B:713 L:0

APU

NEWIM10B713L0

Description

This exceptional office building at 66 Cedar Street in Newington, Connecticut, offers a variety of flexible spaces ideal for businesses seeking a convenient and well-equipped location. The property features a total of approximately 2300 square feet, currently divided into three available suites ranging from 600 to 2730 square feet. Each suite offers a blend of open workspace and private offices, perfect for accommodating diverse team sizes and workflows. One of the private offices is particularly well-suited for use as a conference room. A convenient kitchen is also included within the building. The building is a Class B property, equipped with a single elevator for easy access to all floors. Central air conditioning ensures year-round comfort, and ample parking is available on-site. The building is located in the Newington submarket of Hartford County, offering easy access to Newington Center. Heat is included in the lease rate

• CAP approach

  CAP return

  Valuation

  6%

  $4,458,782

  6.5%

  $4,115,798

  7%

  $3,821,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,523,770

  Geo Method

  $3,523,770

• Alternative Use

  Use

  Valuation

  Residential

  $5,103,590

  Hospitality

  $4,674,860

  Educational

  $3,889,429

  Medical

  $4,023,193

  Retail

  $6,050,223

Location Insight

City

Newington

County

Hartford

State

Connecticut

Latitude

41.6982

Longitude

-72.727

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

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