750 Queen StSouthington, CT 06489

Property Details for 750 Queen St

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

13.66 AC

Property size (Sq ft)

149,912 SF

Zone code

B

Property type

Retail properties

Property subtype

Super regional malls

APN

SOUT M:181 L:003 U:0001

APU

SOUTM181L003U0001

Description

Shop Rite Plaza, situated on Queen Street in Southington, Connecticut, offers exceptional retail space within a thriving commercial center. This 148,000 square foot property boasts a prime location along a heavily trafficked retail corridor, providing excellent visibility and accessibility. The center is anchored by strong national tenants including Shop Rite, JOANN Fabric, Petco, and Buffalo Wild Wings, ensuring a consistent flow of customers. Two signalized entrances and ample parking further enhance the property's appeal. Available spaces range from a minimum of 1,246 square feet to a maximum contiguous space of 4,300 square feet, with a total of 8,950 square feet currently vacant. The property is located in Hartford County and benefits from its proximity to I-84, less than 0.3 miles away, providing easy access for both customers and employees. This presents a unique opportunity for businesses seeking high-traffic exposure in a well-established retail environment. The flexible space options cater to a variety of retail, medical, or restaurant uses. The property's strong anchor tenants and convenient location make it an ideal investment for businesses looking to establish or expand their presence in a vibrant market.

• CAP approach

  CAP return

  Valuation

  6%

  $36,433,848

  6.5%

  $33,631,244

  7%

  $31,229,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,360,504

  Geo Method

  $49,360,504

• Alternative Use

  Use

  Valuation

  Residential

  $28,369,214

  Hospitality

  $25,986,048

  Educational

  $21,620,086

  Medical

  $22,363,634

  Retail

  $33,631,244

Location Insight

City

Southington

County

Hartford

State

Connecticut

Latitude

41.6368

Longitude

-72.8751

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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