10 Sebethe DrCromwell, CT 06416

Property Details for 10 Sebethe Dr

Lot size

13.01 AC

Zone code

HB

Property type

Industrial land

APN

CROM M:00066400

APU

CROMM00066400

Description

This exceptional ±13-acre commercial land parcel presents a unique investment opportunity in Cromwell, Connecticut. Strategically located on Sebethe Drive, the property boasts unparalleled visibility from I-91, a major transportation artery, with over 100,000 vehicles passing daily. The site offers 1,242 feet of frontage along I-91, maximizing exposure and accessibility. Zoned HB (Highway Business), this versatile property allows for a wide range of commercial developments, including office, medical, retail, hospitality, and self-storage facilities. Previous approvals exist for a substantial three-story, 74,431 square foot office building, providing a solid foundation for future development plans. The expansive lot size and prime location make this an ideal site for a significant commercial project, capitalizing on the high traffic volume and excellent visibility afforded by its I-91 proximity. Located in Middlesex County, with a 06416 zip code, this property is ready for your vision. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $209,059,000

  6.5%

  $192,978,000

  7%

  $179,194,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $118,475,000

  Geo Method

  $118,475,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $98,958,100

  Mixed-Use / Specialty

  $98,605,300

  Hospitality / Lodging

  $72,343,500

  Office

  $98,019,500

  Institutional / Educational

  $102,510,000

  Residential Income

  $119,936,000

  Multifamily

  $143,845,000

  Automotive / Energy

  $87,865,500

  Parking / Income-Based Land

  $30,321,300

  Restaurant / Food Service

  $51,285,400

  Healthcare / Senior Housing

  $101,118,000

Location Insight

City

Cromwell

County

Middlesex

State

Connecticut

Latitude

41.6054

Longitude

-72.7067

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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