Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Downtown Southington Retail Space Title is generated by Realmo AI

    83 Center Street #1, Southington, CT 06489

    View on Map
    Claim this Listing
    For Lease
    $19 SF/Yr $2,512/Mo (calc)

    Street-level commercial space in a thriving downtown district.

    Type:Commercial
    Property size:
    1,587 SF
    Lot size:
    0.47 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 5 at 11:37 pm

    Property Features for 83 Center Street #1

    General Information

    Standard status
    Active
    Size
    1,587 SF
    Lot size
    0.47 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    RYAN O'KEEFFE

    Listing agent RYAN O'KEEFFE

    Listing office Salzillo Realty Company

    Listing date Mar 1, 2026

    Source Corcoran

    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 Salzillo Realty Company

    HighLights

    • Prime downtown Southington location with high visibility on Center Street
    • 1,587 SF of street‑level commercial space suitable for various business types
    • High foot traffic and community engagement due to proximity to shops, restaurants, parks, and other amenities
    • Convenient access to I‑84 and I‑691, providing regional accessibility
    • Strong local demographics: Southington population of 43,500 with an average household income of $130,000
    • Located in a rapidly developing area with ongoing luxury residential developments

    Overview

    This 1,587 SF street-level commercial space is located in downtown Southington. The unit offers visibility along Center Street and is suitable for a coffee shop, boutique retail concept, pilates or fitness studio, spa, medical or professional office, or specialty service use. The layout provides flexibility for various business types seeking a downtown presence in a walkable setting. The property is located in the heart of Southington's downtown district, near shops, restaurants, parks, walking trails, a dog park, and fitness facilities. It is located five minutes from I-84 (Exit 30) and I-691, providing access to Boston and New York City. The location benefits from regional draw. The town of Southington has a population of approximately 43,500 with an average household income of approximately $130,000. Luxury residential developments are transforming the area into a live-work-play destination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Southington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8977
    Latitude
    41.5984

    Nearby Similar for Lease

    • $550/Mo
      268 SF

      Southington Office Space For Lease

      Prime office space in Southington Professional Office Building available for lease.
      100 Queen Street, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Southington Office/Medical Space Available

      Professional office/medical space for lease in a well-maintained building.
      27 Meriden Avenue, Southington, CT 06489
      View Details
    • $1,150/Mo
      1,050 SF

      Southington Office Space For Rent

      Office space in a convenient location with flexible layout.
      176 N Main Street, Southington, CT 06489
      View Details
    • $16 SF/Yr
      11,985 SF

      Southington Retail Space Available

      12,000 SF retail space in Southington, Connecticut.
      350 Queen Street, Southington, CT 06489
      View Details
    • $20 SF/Yr
      300-500 SF

      Downtown Southington Office Suite

      Flexible commercial space in downtown Southington with elevator access.
      132 Main St, Unit Lower Level 1, Southington, CT 06489
      View Details
    • $1,650/Mo
      1,180 SF

      Retail Space on Busy Route

      Retail space with high visibility and easy highway access.
      1783 Meriden Waterbury Turnpike, Southington, CT 06489
      View Details
    • $2,200/Mo
      1,196 SF

      Prime Downtown Southington Retail Space

      Street-level commercial space in a thriving downtown district.
      122 Center St, Southington, CT 06489
      View Details
    • $18 SF/Yr
      1,700 SF

      Prime Retail/Office Space Available

      High-visibility commercial space in a bustling Hartford County location.
      474 N Main St, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Professional Office/Medical Space Available

      Highly visible office/medical space for lease near downtown.
      27 Meriden Ave 1A, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Professional Office/Medical Space Available

      Highly visible office/medical space for lease near downtown.
      27 Meriden Avenue #1A, Southington, CT 06489
      View Details
    • $1,150/Mo
      1,050 SF

      Office Space in Convenient Location

      Flexible office space featuring vintage details and quick occupancy.
      176 N Main St 1F, Southington, CT 06489
      View Details
    • $18 SF/Yr
      2,889 SF

      Downtown Southington Retail Space Available

      Prime retail space in downtown Southington, ideal for various businesses.
      83 Center Street #2, Southington, CT 06489
      View Details

    FAQs

    What type of property is this?
    Retail space - Street-level commercial space in a thriving downtown district.
    Where is this retail space located?
    The property is located at 83 Center Street #1 Southington, CT.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Southington location with high visibility on Center Street; 1,587 SF of street‑level commercial space suitable for various business types; High foot traffic and community engagement due to proximity to shops, restaurants, parks, and other amenities
    (860) 637-1379
    We can help!
    Listing Contact
    RYAN O'KEEFFE
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    83 Center Street #1, Southington, CT 06489
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!