8 Summit StEast Hampton, CT 06424

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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