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CBD Office Building
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1 GROVE ST, New Britain, CT 06053

Office building with CBD zoning and access to downtown, shopping, dining, parks, highways, and public transportation.

Property Size157,747 SF
Price / SF$77.66
Days on Market7

Property Features for 1 GROVE ST

General Information

Standard status Active
Size 157,747 SF
Class B
Property subtype Office
Zoning CBD
Lease Type Gross
Investment Type Value Add
Net Operating Income $401,569

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Year Built 1903
Buildings 2
Units 18
Tenancy Multi
Listing Agency: Reno Properties Group, LLC
Listed By: Dan Garofalo · License #REB.0756346
Source: Crexi
Added: Aug 26 Changed: Aug 31 Last Checked: Sep 1 at 3:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reno Properties Group, LLC

Investment Insights

Based on property information with market context.

This office building contains 157,747 square feet and dates to 1903. Its CBD zoning supports its established commercial classification within the central business district framework.

The property is located at 1 Grove Street in New Britain, Connecticut, with access to downtown, shopping, dining, parks, major highways, and public transportation. The surrounding conveniences support routine commuting and access to nearby services.

Key Highlights

  • 157,747‑square‑foot office building
  • Built in 1903
  • CBD zoning

Property Analytics

Current Use

Fraternal Order of Police Volunteer Organization Dr. Stephanie A. Garozzo, ... Physician Dr. Kirsten Kibler Physician Dr. Kirsten Kibler, ... Physician Christina Acocella, MD Physician

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Garden Center Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,776
Businesses Nearby

Demographics for 06053, CT

35,024
Population
14,995
Households
2.3
Avg Household Size
35
Median Age
22%
College-Educated
85%
High-School Grad
7.9 sq mi
ZIP Area
4,433
Density / Sq Mi
$61,498
Median Household Income
$36,132
Median Earnings
$1,288
Median Rent
$201,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building with CBD zoning and access to downtown, shopping, dining, parks, highways, and public transportation.
Where is this office building located?
The property is located at 1 GROVE ST New Britain, CT.
What is the asking price?
The asking price for this property is $12,250,000.
What are key features of this property?
This property features: 157,747‑square‑foot office building; Built in 1903; CBD zoning
(860) 212-4030 Call to check price and availability
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