181 Shunpike RdCromwell, CT 06416

  • Commercial real estate
  • 2.95 AC
For Lease
$25/SF/YR View listing

Property Details for 181 Shunpike Rd

Lot size
2.95 AC
Zone code
LB
Property type
Commercial real estate
APN
CROM M:00189100
APU
CROMM00189100

Description

This exceptional 4,200-square-foot Class A medical office building in Cromwell, Connecticut, presents a unique investment opportunity. Located at 181 Shunpike Road, Unit B, this single-tenant property boasts a complete build-out ideal for professional services, featuring central air and heating, a kitchen, private restrooms, carpeting, and a pre-installed security system. The building is situated on Route 3, a high-traffic area with approximately 10,000 vehicles daily, offering excellent visibility and accessibility. With 24 off-street parking spaces, ample parking is ensured for staff and clients. The property is conveniently located less than 1.5 miles from Routes 9 and Interstate 91, providing easy access to major transportation arteries. Its central location offers a 20-minute commute to Hartford, Bradley International Airport, and various Amtrak stations in Berlin, Meriden, and Wallingford. The building is currently configured as a single unit with a $25 NNN rate. However, there's potential for subdivision into two units, with a $5 CAMS charge applying in that scenario. The neighboring building, Unit A, houses The Learning Experience, a successful early education center. This property offers a compelling combination of location, amenities, and flexibility, making it an attractive option for a variety of medical or professional uses. The property is located in Middlesex County, in the Cromwell/Rocky Hill submarket, and has a Middlesex County address with zip code 06416.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,317,604
    Hospitality
    $22,274,794
    Educational
    $18,532,368
    Medical
    $19,169,724
    Retail
    $28,828,128

Location Insight

City
Cromwell
County
Middlesex
State
Connecticut
Latitude
41.6243
Longitude
-72.6764
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
$74,877
$310,240
$2,235,730
$2,545,970
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