70 Heminway Park RdWatertown, CT 06795

  • Showrooms
  • 4,140 SF

Property Details for 70 Heminway Park Rd

Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.31 AC
Property size (Sq ft)
4,140 SF
Zone code
BC
Property type
Showrooms
APN
WTWN M:100 B:47 L:3A
APU
WTWNM100B47L3A

Description

This exceptional investment opportunity presents a 4,140 square foot, single-story brick medical office building located at 70 Heminway Park Road, Watertown, CT 06795. Built in 1955 and situated on a 0.31-acre lot, the property boasts 19 parking spaces. The building has undergone recent renovations, including a new HVAC system, roof, front façade, and reception/waiting area. Currently leased to St. Mary's Hospital under a triple-net (NNN) lease for the past 13 years, this hands-off investment offers significant advantages. The tenant is responsible for all utilities, taxes, insurance, snow removal, landscaping, trash, and HVAC maintenance. The Watertown, CT office market is characterized by a low 2.8% vacancy rate (2.8% lower than the previous year), a total inventory of 220,000 square feet, and rising rental and cap rates. Conveniently located downtown, the property offers easy access to major roadways (US 6 and James H Darcey Memorial Highway) and is less than an hour from Hartford and New Haven. The area features a vibrant downtown with national retailers (Walgreens, Starbucks, Dunkin', Marshalls, etc.), excellent schools, and abundant outdoor recreational opportunities. This presents a stable, income-producing asset in a desirable and accessible location. Property tours are available by appointment only.

Location Insight

City
Watertown
County
Litchfield
State
Connecticut
Latitude
41.6037
Longitude
-73.1162
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,346
$76,900
$312,300
$389,200
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