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    389 John Downey Dr New Britain, CT 06051

    Sponsored
    For Sale
    $2,500,000

    33,276 SF Flex Building, Vacant, I1 Zoning

    Property size:
    33,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 33,276-square-foot flex building, situated on a 2.13-acre lot in New Britain, Connecticut, presents a compelling investment opportunity. The property, located at 389 John Downey Drive, boasts a desirable I1 zoning designation and is currently vacant, offering immediate occupancy starting October 12, 2023. The two-story building features 26,792 square feet on the ground floor and 6,480 square feet on the second, equipped with substantial power (600 amp, 480 volt). The asking price is $2,500,000, translating to $75.13 per square foot. Ample parking is available with 50 spaces, complemented by prominent monument and on-building signage opportunities. The property benefits from high visibility, situated near Route 9, Exit 34, with a daily traffic count of 5,800 vehicles. Built in 1972, this building offers a 14-foot ceiling height and is offered as an owner/user opportunity with a NNN lease type. This prime location and versatile space make it ideal for a variety of industrial and flex uses. The property is ready for immediate occupancy and presents a strong return on investment.

    Property Features for 389 John Downey Dr

    General Information

    Property type
    Flex space
    Square Feet
    33,276 SF
    Lot Size
    92,783 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2

    HighLights

    • 33,276 SF flex building on 2.13 acres.
    • Two‑story building.
    • Ample parking.
    • Monument and on‑building signage.
    • I‑1 zoning.
    • 5,800 ADT on Route 9, Exit 34.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hartford HealthCare Systems ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.755272473951
    Latitude
    41.664467233392

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    FAQs

    What type of property is this?
    Flex space - 33,276 SF Flex Building, Vacant, I1 Zoning
    Where is this flex space located?
    The property is located at 389 John Downey Dr New Britain, CT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 33,276 SF flex building on 2.13 acres.; Two-story building.; Ample parking.
    Request Owner's contact information
    389 John Downey Dr New Britain, CT 06051
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    New Britain, CT 06051
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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
    389 John Downey Dr New Britain, CT 06051
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