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    4 Park St Vernon, CT 06066

    Sponsored
    For Sale
    Contact for pricing

    19,090 SF Mixed-Use Building, CT

    Property size:
    19,090 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, 19,090 square foot mixed-use building presents a compelling value-add opportunity in downtown Vernon, Connecticut. Currently undergoing renovation, this property boasts a newly installed roof, a 1,200-amp underground service, a passenger elevator, and impressive 10.25'+ clear ceiling heights on all three floors. The building sits on a 0.9-acre lot, recently expanded to include an adjacent parcel, providing potential for additional parking or outdoor tenant space. Its DBR zoning allows for a wide range of uses, including retail, office, restaurant, medical, and clinic spaces. Strategically located near Rockville Superior Court and just one block from Rockville General Hospital, this property offers unparalleled convenience and visibility. Easy access to I-84 and Route 31 further enhances its appeal. The building comprises four units and was originally constructed in 1967. This is an exceptional chance to capitalize on the revitalization of downtown Rockville, a thriving area with strong potential for growth. The property's versatile zoning and prime location make it an ideal investment for owner-users seeking a unique redevelopment project.

    Property Features for 4 Park St

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,090 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    3
    Units
    4

    HighLights

    • Three‑story, 19,090 SF mixed‑use building for sale in downtown Vernon, CT, currently under renovation.
    • 0.9‑acre lot, recently expanded, offering potential for additional parking or outdoor space.
    • Building features include a new roof, 1200‑amp electrical service, passenger elevator, and 10.25'+ ceiling height.
    • DBR zoning allows for diverse uses, including retail, office, restaurant, medical, and clinic spaces.
    • Prime downtown location near Rockville Superior Court and Rockville General Hospital, with convenient I‑84 and Route 31 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Christian Academy Of Arts, ... High School Circuit Cellar Ink ... Publisher

    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
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4475617
    Latitude
    41.8676476

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    FAQs

    What type of property is this?
    Individual retail property - 19,090 SF Mixed-Use Building, CT
    Where is this individual retail property located?
    The property is located at 4 Park St Vernon, CT.
    What are key features of this property?
    This property features: Three-story, 19,090 SF mixed-use building for sale in downtown Vernon, CT, currently under renovation.; 0.9-acre lot, recently expanded, offering potential for additional parking or outdoor space.; Building features include a new roof, 1200-amp electrical service, passenger elevator, and 10.25'+ ceiling height.
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    4 Park St Vernon, CT 06066
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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
    4 Park St Vernon, CT 06066
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