7 Glenwood RdClinton, CT 06413
- Other commercial real estate
- 25,080 SF
Property Details for 7 Glenwood Rd
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 2.77 AC
- Property size (Sq ft)
- 25,080 SF
- Zone code
- B-3
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- CLIN M:54 B:45 L:72
- APU
- CLINM54B45L72
Description
This exceptional 2,775-square-foot medical office space is available for immediate lease within the vibrant Petco Plaza in Clinton, Connecticut. Located on Glenwood Road, this single-tenant property offers convenient access to I-95 (exit 63), ensuring easy commutes for both staff and clients. The space is part of a larger 25,080-square-foot building constructed in 2000, featuring a single story and ample parking with 120 spaces. The property sits on 2.77 acres of land in the Connecticut Shoreline submarket cluster. Benefit from high foot traffic due to its central location within Petco Plaza, alongside established businesses such as Petco, Mattress Firm, Oreck, AT&T, Coldstone Creamery, and Dunkin' Donuts. The property's exterior has recently been repainted. Proximity to Clinton Premium Outlets and the Indian River Shops with high-end retailers further enhances its appeal. The lease requires a minimum term of five years, with a rental rate of $25 per square foot, plus a $9 per square foot CAM charge. This flexible space is ideal for a variety of medical practices.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,095,316
- 6.5%
- $5,626,445
- 7%
- $5,224,556
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,257,921
- Geo Method
- $8,257,921
-
Alternative Use
- Use
- Valuation
- Residential
- $4,746,117
- Hospitality
- $4,347,418
- Educational
- $3,617,000
- Medical
- $3,741,394
- Retail
- $5,626,445
Location Insight
- City
- Clinton
- County
- Middlesex
- State
- Connecticut
- Latitude
- 41.2893
- Longitude
- -72.5284
- 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
Similar Nearby for Lease
FAQs
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