657 Silas Deane HwyWethersfield, CT 06109

Property Details for 657 Silas Deane Hwy

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.30 AC

Property size (Sq ft)

14,400 SF

Zone code

TC

Property type

Retail space

APN

WETH M:205 B:072

APU

WETHM205B072

Description

This exceptional 14,400 square foot freestanding building, situated on Silas Deane Highway in Hartford County, presents a premier leasing opportunity. The property boasts a highly desirable location within a bustling retail corridor, experiencing over 20,200 vehicles per day. Its strategic placement offers unparalleled visibility alongside established national brands such as Ocean State Job Lot, Marshalls/HomeGoods, Planet Fitness, Ulta Beauty, and Starbucks. The building is divisible to accommodate various tenant needs, making it ideal for a range of uses including retail, medical, restaurant, or service businesses. Ample parking is available with 116 on-site spaces. The 2.3-acre lot provides excellent space and visibility. The property benefits from strong demographics, serving a population exceeding 234,000 within a 5-mile radius. Convenient access to Interstate-91 (1.4 miles, a 3-minute drive) further enhances its appeal. This is a rare opportunity to establish a thriving business in a high-traffic, high-visibility location with excellent access to major transportation routes. Contact us today to discuss lease terms and explore the possibilities. Rent is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,499,703

  6.5%

  $3,230,495

  7%

  $2,999,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,741,390

  Geo Method

  $4,741,390

• Alternative Use

  Use

  Valuation

  Residential

  $2,725,043

  Hospitality

  $2,496,125

  Educational

  $2,076,747

  Medical

  $2,148,169

  Retail

  $3,230,495

Location Insight

City

Wethersfield

County

Hartford

State

Connecticut

Latitude

41.7065

Longitude

-72.6625

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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