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    1834 Silas Deane Hwy Rocky Hill, CT 06067

    For Sale
    $425,000

    Prime CT location, high traffic, 3 units.

    Property size:
    4,509 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located at 1834 Silas Deane Highway in Rocky Hill, Connecticut, presents a rare investment opportunity in a thriving commercial corridor. The 4,509 square foot building, a three-story Class B condo, offers a diverse range of spaces ideal for owner-users or investors seeking strong rental income. Currently boasting a 50% occupancy rate with three tenants, the property features a modified lease structure and is projected to be fully occupied by February 28, 2024. The building's layout includes approximately 1,209 square feet on the lower level, 1,550 square feet plus an additional 650 square feet in the rear on the first floor, and 1,100 square feet on the second floor. Previously a successful multi-service salon, this versatile space is suitable for a variety of creative office, executive office, and storefront uses. Benefitting from excellent highway access via I-91, Exit 24, the property enjoys high visibility with over 20,000 cars passing daily, providing ample opportunity for signage and brand exposure. Significant upgrades include two new HVAC units installed within the last five years. The asking price is $425,000, translating to $94.26 per square foot. The property is zoned for commercial use and includes three gas pumps. This is a truly unique opportunity to acquire a well-located, income-producing asset in a highly desirable area.

    Property Features for 1834 Silas Deane Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,509 SF
    Class
    B

    Building Details

    Year Renovated
    2008
    Stories
    3
    Units
    3

    HighLights

    • 1,209 SF lower level space.
    • 1,550 SF first floor space plus an additional 650 SF in the rear.
    • 1,100 SF second floor space.
    • Excellent I‑91, Exit 24 highway access.
    • Rare small investment opportunity in established commercial corridor.
    • Two new HVAC units (installed within the last five years).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Leslie's Cute-Tz Salon Beauty Salon Bella Tan & Beauty Tanning Salon PC America Website Designer Mitey Media Website Designer

    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
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.649439
    Latitude
    41.6764831

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    FAQs

    What type of property is this?
    Individual retail property - Prime CT location, high traffic, 3 units.
    Where is this individual retail property located?
    The property is located at 1834 Silas Deane Hwy Rocky Hill, CT.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 1,209 SF lower level space.; 1,550 SF first floor space plus an additional 650 SF in the rear.; 1,100 SF second floor space.
    Request Owner's contact information
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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
    1834 Silas Deane Hwy Rocky Hill, CT 06067
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