72 Queen StSouthington, CT 06489

Property Details for 72 Queen St

Year built

1988

Lot size

0.96 AC

Property size (Sq ft)

9,518 SF

Zone code

B

Property type

Office properties

Property subtype

Office buildings

APN

SOUT M:133 L:071

APU

SOUTM133L071

Description

This exceptional two-story office building, situated on a 0.96-acre lot in Southington, Connecticut (zip code 06489), offers a versatile workspace ideal for various professional needs. The building, constructed in 1988 and extensively renovated in 2018, boasts a total of 9,518 square feet, with a single, 2,204-square-foot space currently available for lease. This space is located on the second floor and features attractive window views from all private offices. The building's amenities include private conference rooms, a comfortable lounge area, and a convenient kitchen. The property is zoned B and provides ample parking with 49 spaces. A passenger elevator services both floors. The building's location offers excellent visibility and benefits from high traffic counts. This is a rare opportunity to secure a well-maintained, modern office space in a desirable Southington location. The property's features include a single elevator, and the minimum divisible space is 2,204 square feet, which is also the maximum contiguous space currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,573,610

  6.5%

  $1,452,563

  7%

  $1,348,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,243,622

  Geo Method

  $1,243,622

• Alternative Use

  Use

  Valuation

  Residential

  $1,801,178

  Hospitality

  $1,649,869

  Educational

  $1,372,672

  Medical

  $1,419,880

  Retail

  $2,135,267

Location Insight

City

Southington

County

Hartford

State

Connecticut

Latitude

41.6186

Longitude

-72.8745

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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