1159 Main StCoventry, CT 06238
- Other commercial real estate
- 4,080 SF
Property Details for 1159 Main St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 1.50 AC
- Property size (Sq ft)
- 4,080 SF
- Zone code
- VC
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- COVE M:000O B:0062 L:0010
- APU
- COVEM000OB0062L0010
Description
This 8,000 square foot industrial property, situated on a 1.5-acre lot in Coventry, offers two available spaces for lease. One space, located on the lower level, comprises 4,000+ square feet of light manufacturing/shop space, featuring a 10-foot ceiling height and one overhead door. This space is available for $2,590 per month plus utilities. A second, 2,000 square foot space, previously a fitness center, boasts an open layout, abundant natural light from numerous windows, and is handicap accessible. This space rents for $2,210 per month plus utilities and includes one overhead door. Both spaces benefit from a recently paved parking lot with 20 total spaces, one drive-in bay, and additional parking available at the rear of the building. An additional acre of land offers potential for further parking or storage. The building, constructed in 1950, is a single-story Class B structure with 120 feet of frontage. Utilities include city sewer, a well, and propane heat. The property is zoned VC Village Commercial and is also available for sale. Minimum divisible space is 4,000 square feet, with a maximum contiguous space of 4,000 square feet. Currently, 4,000 square feet is vacant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $991,582
- 6.5%
- $915,307
- 7%
- $849,928
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,343,394
- Geo Method
- $1,343,394
-
Alternative Use
- Use
- Valuation
- Residential
- $772,096
- Hospitality
- $707,235
- Educational
- $588,412
- Medical
- $608,648
- Retail
- $915,307
Location Insight
- City
- Coventry
- County
- Tolland
- State
- Connecticut
- Latitude
- 41.7672
- Longitude
- -72.2997
- 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
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