1 Center StSouthington, CT 06489

Property Details for 1 Center St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

10,684 SF

Zone code

CB

Property type

Office buildings

APN

SOUT M:100 L:100

APU

SOUTM100L100

Description

1 Center Street offers a fantastic opportunity to lease professional office space in a thriving downtown business district. This three-story building, totaling 10,684 square feet, boasts a prime, signalized corner location offering excellent visibility and accessibility. The property is situated within a walkable area rich with diverse amenities, making it an ideal location for businesses seeking a vibrant and convenient environment. The building is currently configured for multiple tenants, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 3,500 square feet. This allows for flexibility in accommodating businesses of various sizes. The property sits on a 0.07-acre lot and is zoned CB, providing a range of potential uses. The building's location within the bustling downtown area ensures high foot traffic and easy access to public transportation, restaurants, and other essential services. This is an exceptional opportunity to establish a presence in a highly desirable and convenient location. The building's prime corner location and walkable downtown setting offer unparalleled visibility and accessibility for your business. Consider this exceptional opportunity to secure your ideal office space in a thriving urban environment. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,766,384

  6.5%

  $1,630,509

  7%

  $1,514,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,395,972

  Geo Method

  $1,395,972

• Alternative Use

  Use

  Valuation

  Residential

  $2,021,831

  Hospitality

  $1,851,986

  Educational

  $1,540,831

  Medical

  $1,593,822

  Retail

  $2,396,848

Location Insight

City

Southington

County

Hartford

State

Connecticut

Latitude

41.602

Longitude

-72.8786

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

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