14 Alcap RdgCromwell, CT 06416

Property Details for 14 Alcap Rdg

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.40 AC

Property size (Sq ft)

106,600 SF

Zone code

IND

Property type

Industrial properties

APN

CROM M:00325200

APU

CROMM00325200

Description

This exceptional 106,600-square-foot industrial property in Cromwell, Connecticut, presents a compelling owner-user or investment opportunity. The fully leased, multi-tenant building boasts a prime location, minutes from I-91, Route 9, and Route 372, offering easy access to major transportation arteries. Situated on a 6.4-acre lot, the property includes 185 parking spaces, recently expanded by the owner. Built in 1988 and extensively renovated in 2012, the two-story structure features energy-efficient upgrades to its electrical system, heating, air infiltration, and lighting. The building's functional design includes four loading docks and five drive-in doors, with ceiling heights ranging from 13 to 18 feet. The property is zoned for commercial and industrial use, making it suitable for a variety of businesses. Its central location between Hartford and New Haven provides convenient access to a robust workforce and ample amenities, including nearby restaurants and shopping. The asking price is $5,295,000, translating to $49.67 per square foot. This represents a strong investment opportunity in a thriving Connecticut market. The property is 100% occupied under a triple net lease (NNN) arrangement.

• Alternative Use

  Use

  Valuation

  Residential

  $20,172,890

  Hospitality

  $18,478,258

  Educational

  $15,373,694

  Medical

  $15,902,419

  Retail

  $23,914,636

Location Insight

City

Cromwell

County

Middlesex

State

Connecticut

Latitude

41.6109

Longitude

-72.7107

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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