Flex Space with Drive-In
193 Pascone Place Newington, CT 06111
193 Pascone Place, Newington, CT, 06111
$760,000
Pending
For Sale
$760,000
Pending
COMMERCIAL - Newington, CT
Property Size5,000 SF
Lot Size0.57 Acres
Days on Market94
Property Features for 193 Pascone Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PD
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 35
- Interior features
- Handicap Design,Loading - Grade,Public Restrooms,Window Display
- Exterior features
- Doors - 10-15 ft,Gutters,Outside Storage Area
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- Size
- 5,000 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9970
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Concrete
- Additional Structures
- Storage
Listing Agency
Amodio & Co.
(860) 674-8908
PO Box 852, Farmington, CT
Listed by
Frank Amodio · License #REB.0756053
(860) 674-8908
Added: Apr 16 Checked: Jul 18 at 3:06 am
MLS# 24167845
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This masonry flex space includes a finished front with showroom and offices, along with wide open clear span space in the rear. The facility is supported by unit heaters and features a 12’ x 12’ overhead drive-in door, providing straightforward access for light industrial or service operations.
The property is situated on 0.57 acres with 19,500 square feet of asphalt paving for parking, loading, and vehicle maneuvering. It also offers prominent street frontage along a well-established commercial corridor with adjacent access to Route 5 & 15, a primary North-South thoroughfare.
With flexible indoor layout and truck-friendly exterior paving, the space is well suited for long-term tenancy and a variety of commercial uses within the PD zoning designation.
The property is situated on 0.57 acres with 19,500 square feet of asphalt paving for parking, loading, and vehicle maneuvering. It also offers prominent street frontage along a well-established commercial corridor with adjacent access to Route 5 & 15, a primary North-South thoroughfare.
With flexible indoor layout and truck-friendly exterior paving, the space is well suited for long-term tenancy and a variety of commercial uses within the PD zoning designation.
Key Highlights
- 5,000 SF industrial flex space with clear span area in the rear and finished front showroom and offices
- 12' x 12' overhead drive‑in door plus unit heaters for industrial use
- 0.57‑acre site with 19,500 SF of asphalt paving for parking, loading, and truck/equipment maneuvering
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.2k | $17.04 |
| − Vacancy | −$4.0k | −$0.80 |
| EGI | $81.2k | $16.24 |
| − OpEx | −$12.2k | −$2.44 |
| NOI | $69.0k | $13.80 |
5,000 SF · lease $17.04/SF/yr · vacancy 4.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.11M
$969.5K – $1.29M
NOI $77,558 @ 7.0% cap · market cap 10.21%
Second Best
Warehouse
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,325 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BIONIC CrossFit
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex/industrial facility with showroom offices, rear clear-span area, and a 12-by-12 overhead drive-in door.
Where is this flex space located?
The property is located at 193 Pascone Place Newington, CT.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 5,000 SF industrial flex space with clear span area in the rear and finished front showroom and offices; 12' x 12' overhead drive‑in door plus unit heaters for industrial use; 0.57‑acre site with 19,500 SF of asphalt paving for parking, loading, and truck/equipment maneuvering
