34 Walnut St New Britain, CT 06051-2511
- Industrial properties
- 28,560 SF
- 0.52 lot acres
Current Use by Public Records
- Diamond Supply / Jeweler
Property Details for 34 Walnut St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.52 lot acres
- Property size
- 28,560 SF
- Zone code
- CBD
- Property type
- Industrial properties
- APN
- NBRI M:C8B B:49
- APU
- NBRIMC8BB49
Description
This exceptional commercial property, located at 34 Walnut Street in New Britain, Connecticut, offers 41,000 square feet of versatile space in a historic four-story brick building. Currently available for lease as a single tenant occupancy, this property presents a unique opportunity for businesses seeking a prominent location in Hartford County. The building features multiple levels of open space with offices on each floor, providing flexible configurations suitable for a wide range of uses. Potential tenants could adapt the space for corporate offices, healthcare facilities, technology companies, retail showrooms, educational institutions, or distribution centers. Amenities include multiple bathrooms, an elevator, a loading dock, and ample parking on a fully fenced half-acre lot with two convenient entrances and exits. The asking lease rate is a competitive $4 per square foot per year, NNN. The property's strategic location offers easy access to downtown New Britain, Route 9, and I-84, ensuring convenient commutes for employees and clients. The building's industrial-style architecture, highlighted by arched windows and distinctive brickwork, combines historic charm with modern functionality. This property is ideal for businesses requiring secure access, convenient logistics, and a central, easily accessible location in a thriving Connecticut community. The zip code is 06051.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $390,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $465,000
- Mixed-Use
- $420,000
- Hospitality
- $345,000
- Educational
- $390,000
- Residential Income
- $460,000
- Energy
- $465,000
- Income-Based Land
- $390,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- New Britain
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7829
- Latitude
- 41.6652
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
