7 Glenwood RdClinton, CT 06413

  • Other commercial real estate
  • 25,080 SF
For Lease
$300/SF/YR View listing

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
7 Glenwood Rd, Clinton, Connecticut

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

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
$102,108
$732,900
$2,690,100
$3,423,000
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-
-
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