51 Main StSouthington, CT 06489

Property Details for 51 Main St

Year built

1920

Construction

FRAME

Lot size

0.59 AC

Property size (Sq ft)

25,725 SF

Zone code

CB

Property type

Office properties

Property subtype

Office buildings

APN

SOUT M:111 L:190

APU

SOUTM111L190

Description

This exceptional 9,062 square foot multi-tenant office building, located at 51 N Main St in Southington, CT 06489, offers 8 available suites ranging from 140 to 973 contiguous square feet. Currently, 5,048 square feet are vacant. The building is situated in the newly remodeled Abby Park, Abby South building, under new management. Each suite boasts modern amenities including private bathrooms and dedicated storage. The building features high ceilings, stunning hardwood floors, and a welcoming waiting area. This prestigious location in the heart of downtown Southington provides unparalleled convenience and a professional atmosphere, ideal for businesses seeking a sophisticated and comfortable workspace. The property is categorized as both Executive and Medical Office space, making it suitable for a variety of professional uses. The minimum divisible space is 140 square feet, offering flexibility for businesses of various sizes. This is a fantastic opportunity to establish or expand your business in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,253,111

  6.5%

  $3,925,948

  7%

  $3,645,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,361,228

  Geo Method

  $3,361,228

• Alternative Use

  Use

  Valuation

  Residential

  $4,868,176

  Hospitality

  $4,459,223

  Educational

  $3,710,021

  Medical

  $3,837,615

  Retail

  $5,771,144

Location Insight

City

Southington

County

Hartford

State

Connecticut

Latitude

41.6025

Longitude

-72.8776

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

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