107 Main StHebron, CT 06248
- Office properties
- 3,744 SF
Property Details for 107 Main St
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.88 AC
- Property size (Sq ft)
- 3,744 SF
- Zone code
- MS
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- HEBR M:0013 L:17.2
- APU
- HEBRM0013L172
Description
This single-story, 3,744-square-foot medical office building in Hebron, Connecticut, is available for $499,000. Located at 107 Main St, this Class C property sits on a 0.88-acre lot and features 20 parking spaces, providing a parking ratio of 5.31 per 1,000 square feet. The building, constructed in 1970, is zoned MS and boasts excellent visibility with monument signage. Currently configured as a multi-tenant building with two units, it offers 1,500 square feet currently occupied by a tenant under a lease that will transfer to a new buyer (3-year term). An additional 2,000 square feet is available for immediate occupancy. The property's location offers convenient access via Route 2, Exit 13, with an average daily traffic count of 8,700 vehicles. The asking price is $133.28 per square foot. The occupancy date is March 14, 2024. Medical equipment is also available for sale, with pricing available upon request. This presents a unique opportunity for an owner-user seeking a well-located, established medical office space in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $618,995
- 6.5%
- $571,380
- 7%
- $530,567
-
Comparable approach
- Method
- Valuation
- Relative Method
- $489,191
- Geo Method
- $489,191
-
Alternative Use
- Use
- Valuation
- Residential
- $708,511
- Hospitality
- $648,992
- Educational
- $539,954
- Medical
- $558,524
- Retail
- $839,929
Location Insight
- City
- Hebron
- County
- Tolland
- State
- Connecticut
- Latitude
- 41.6611
- Longitude
- -72.3572
- 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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