107 Main StHebron, CT 06248

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 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.

• 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

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