6 Progress DrCromwell, CT 06416

Property Details for 6 Progress Dr

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.04 AC

Property size (Sq ft)

91,005 SF

Zone code

IND

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CROM M:00521400

APU

CROMM00521400

Description

This exceptional Cromwell, CT office space offers 2,288 square feet of immediately available space within a larger 98,285 square foot building. The property, built in 1968, is a single-story structure with ample parking (30+ spaces) and is ideally suited for a variety of uses, including traditional office, medical office, or creative office tenants. The space is easily subdivided to accommodate specific business needs. Its previous use as a physical therapy office provides a head start for healthcare professionals, with existing features such as a full bathroom and lockers already in place. The location offers excellent accessibility, with close proximity to Route 91, serving Cromwell and East Berlin. The surrounding area boasts numerous amenities, including hockey rinks, a full-service gym, and a pool, ensuring a high volume of potential clients. The monthly rent is $2500 NNN. This versatile space presents a unique opportunity for businesses seeking a well-located, amenity-rich office environment. The building is multi-tenant, providing a collaborative atmosphere. The available space is part of a larger building, offering potential for expansion or synergy with other businesses. The existing infrastructure is suitable for a variety of office uses, making it an attractive option for diverse businesses. The convenient location and surrounding amenities make this property a highly desirable location for businesses seeking a thriving and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $22,117,392

  6.5%

  $20,416,054

  7%

  $18,957,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,964,598

  Geo Method

  $29,964,598

• Alternative Use

  Use

  Valuation

  Residential

  $17,221,706

  Hospitality

  $15,774,990

  Educational

  $13,124,606

  Medical

  $13,575,982

  Retail

  $20,416,054

Location Insight

City

Cromwell

County

Middlesex

State

Connecticut

Latitude

41.6144

Longitude

-72.7111

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

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