225 Pitkin StEast Hartford, CT 06108

Property Details for 225 Pitkin St

Year built

1975

Construction

STEEL FRAME

Lot size

1.63 AC

Property size (Sq ft)

17,313 SF

Zone code

B-4

Property type

Other commercial real estate

Property subtype

Showrooms

APN

EHAR M:4 L:46

APU

EHARM4L46

Description

This exceptional 17,500-square-foot Class A executive office building at 225 Pitkin Street in East Hartford, Connecticut, is available for sale or lease. The entire space is currently vacant, presenting a unique opportunity for a single tenant to occupy a recently renovated building. The property boasts updated common areas and high-end finishes, reflecting its Class A designation. Conveniently located in the Founders Business Park, this property offers easy access to major transportation arteries, including Interstate 84 and Route 2, ensuring seamless commutes for employees and clients. The building provides ample parking, with a ratio of 3.8 spaces per 1,000 square feet. This single-tenant occupancy option eliminates the complexities of multi-tenant management, providing a streamlined and efficient workspace. The property's prime location and modern amenities make it an ideal choice for businesses seeking a prestigious and functional office environment in East Hartford, CT, zip code 06108. The building's size and features are well-suited for a variety of executive office uses. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $4,207,664

  6.5%

  $3,883,997

  7%

  $3,606,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,700,534

  Geo Method

  $5,700,534

• Alternative Use

  Use

  Valuation

  Residential

  $3,276,297

  Hospitality

  $3,001,070

  Educational

  $2,496,855

  Medical

  $2,582,726

  Retail

  $3,883,997

Location Insight

City

East Hartford

County

Hartford

State

Connecticut

Latitude

41.7632

Longitude

-72.657

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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