107 Main StHebron, CT 06248

  • Office properties
  • 3,744 SF
For Sale
$499,000 View listing

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
107 Main St, Hebron, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,578
$113,680
$205,030
$318,710
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