225 Pitkin StEast Hartford, CT 06108
- Other commercial real estate
- 17,313 SF
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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