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    318 Farmington Ave Plainville, CT 06062

    Sponsored
    For Sale
    $450,000

    High-traffic location, 2,464 SF, $450,000

    Property size:
    2,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,464-square-foot retail building presents a compelling investment opportunity in Plainville, Connecticut. Situated on a 0.34-acre lot at 318 Farmington Avenue, this single-story, 1946-constructed property boasts a highly desirable location on busy Route 10, providing easy access to I-84 and significant visibility. The property is zoned GC and includes a permitted area for a rear addition, offering potential for expansion. Previously used as an automotive repair shop and convenience store, the building is accompanied by a detached 208-square-foot shed, adding to its versatility. Clean environmental reports are available. The asking price is $450,000, translating to $182.63 per square foot. This prime location benefits from proximity to major retailers and amenities, including AMC Plainville, Lowe's, Goodwill, J Timothy's Taverne, Kohl's, and Marshalls, ensuring high foot traffic and strong potential for various retail ventures. This property offers a unique blend of established infrastructure and expansion potential in a thriving commercial area. The property's address is 318 Farmington Avenue, Plainville, CT 06062.

    Property Features for 318 Farmington Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,464 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1946
    Buildings
    1
    Stories
    1

    HighLights

    • $450,000 asking price for this 2,464 SF retail building.
    • Located on busy Route 10, with convenient I‑84 access.
    • The property includes a 0.34‑acre lot and a 208 SF detached shed.
    • Approved for a rear addition.
    • Clean environmental reports available.
    • Former auto repair shop, currently zoned GC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connecticut Dry Basements Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8516357
    Latitude
    41.6873272

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 2,464 SF, $450,000
    Where is this individual retail property located?
    The property is located at 318 Farmington Ave Plainville, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for this 2,464 SF retail building.; Located on busy Route 10, with convenient I-84 access.; The property includes a 0.34-acre lot and a 208 SF detached shed.
    Request Owner's contact information
    318 Farmington Ave Plainville, CT 06062
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    Plainville, CT 06062
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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
    318 Farmington Ave Plainville, CT 06062
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