8 Summit StEast Hampton, CT 06424

  • Mixed-use properties
  • 4,666 SF
For Lease
$7.44/SF/YR View listing

Property Details for 8 Summit St

Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.21 AC
Property size (Sq ft)
4,666 SF
Zone code
VC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
EHAM M:06A B:61 L:2A
APU
EHAMM06AB61L2A

Description

This exceptional East Hampton, CT industrial property, located at 8 Summit Street, zip code 06424, offers 2,378 square feet of adaptable space ideal for a variety of uses. Built in 1938, this single-tenant Class D building boasts a convenient loading dock for efficient goods handling. The 9-foot ceilings provide ample room for equipment or storage, while robust 3-phase power ensures sufficient electrical capacity for demanding operations. Previously used as a machine shop, this versatile space is perfectly suited for contractors, manufacturers, or businesses requiring warehouse or distribution space. Its location in East Hampton, Connecticut offers easy access to key transportation routes and a thriving business community. The property's functional design and robust infrastructure provide a practical and efficient solution for businesses seeking to streamline their operations and expand their reach. This is a unique opportunity to acquire a well-located industrial property with significant potential for growth and profitability. The property's adaptable nature makes it an attractive investment for a wide range of businesses seeking a functional and efficient workspace. Contact us to schedule a viewing and explore the possibilities this property offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $771,429
    6.5%
    $712,088
    7%
    $661,225
  • Comparable approach

    Method
    Valuation
    Relative Method
    $609,660
    Geo Method
    $609,660
  • Alternative Use

    Use
    Valuation
    Residential
    $882,990
    Hospitality
    $808,814
    Educational
    $672,924
    Medical
    $696,066
    Retail
    $1,046,770
8 Summit St, East Hampton, Connecticut

Location Insight

City
East Hampton
County
Middlesex
State
Connecticut
Latitude
41.5758
Longitude
-72.5014
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
2024
$5,406
$50,050
$92,060
$142,110
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-
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FAQs

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