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    171 Market Sq Newington, CT 06111

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    For Sale
    $975,000

    12,251 SF renovated office building in thriving Newington, CT.

    Property size:
    12,251 SF
    Lot size:
    0.31 Acres

    Property Features for 171 Market Sq

    General Information

    Size
    12,251 SF
    Lot size
    0.31 Acres

    Source: Elite Commercial Real Estate Agent Carl Berman, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building in Newington

    This 12,251 square foot office building, located in Newington, CT, presents an investment opportunity. Originally constructed in 1972, the building was renovated in 2024 and offers modern amenities. The property is zoned B-TC, providing versatile usage options. Its strategic position in the thriving Newington area makes it suitable for investment within a dynamic commercial real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Readings by Karen, ... Psychic New Paradigm Massage ... Massage Therapist Josephine Photography Photographer Accounting Services Inc Tax Preparation Service Style'z by Red ... Hairdresser

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7194516
    Latitude
    41.6965229

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    FAQs

    What type of property is this?
    Office building - 12,251 SF renovated office building in thriving Newington, CT.
    Where is this office building located?
    The property is located at 171 Market Sq Newington, CT.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Meticulously renovated in 2024, offering modern amenities.; - Substantial 12,251 SF office building.; - Zoned B-TC, providing versatile usage options.
    (860) 841-3821
    Request Owner's contact information
    171 Market Sq Newington, CT 06111
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    Newington, CT 06111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 Market Sq Newington, CT 06111
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