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    6 Granby Ct East Granby, CT 06026

    Sponsored
    For Sale
    $1,250,000

    Prime Route 20 location, high potential.

    Property size:
    7,432 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 7,432 square foot, multi-tenant flex building at 6 Creamery Brook in East Granby, Connecticut. The property, built in 1998, features two stories with 10-foot ceilings and sits on a 7.9-acre lot. Currently 30% occupied, this versatile space is zoned VC and offers significant potential for various uses, including storefront retail, traditional office space, and medical offices. A net lease with a four-year term and five years remaining provides immediate income potential. The property's prime location directly on Route 20 offers convenient access to major highways and is just 10 minutes from Bradley International Airport, making it highly attractive to businesses needing convenient transportation links. The building's adaptable design allows for various configurations, including potential adaptive reuse and even possible conversion for residential housing (subject to approvals). An adjacent property at 5 Creamery Brook is also available for purchase, presenting an excellent opportunity for expansion or a larger investment portfolio. Owner financing is available.

    Property Features for 6 Granby Ct

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,432 SF
    Lot Size
    344,124 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    East Granby
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7259105
    Latitude
    41.9437948

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    FAQs

    What type of property is this?
    Individual retail property - Prime Route 20 location, high potential.
    Where is this individual retail property located?
    The property is located at 6 Granby Ct East Granby, CT.
    What is the asking price?
    The asking price for this property is $1,250,000.
    Request Owner's contact information
    6 Granby Ct East Granby, CT 06026
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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
    6 Granby Ct East Granby, CT 06026
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