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    259-279 New Britain Rd Berlin, CT 06037

    Sponsored
    For Lease
    Contact for pricing

    Spacious Office Building, 1.87 Acres

    Lot size:
    30,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 259-279 New Britain Road in Capitol County offers a unique investment opportunity. The property encompasses a substantial 30,120 square foot office building situated on a generous 1.87-acre lot. The building is currently configured as a single-tenant occupancy, presenting a significant opportunity for a variety of uses. Within the main building, there is a 5,200 square foot area featuring a blend of private offices and open workspace, designed for optimal functionality and accessibility. The building is handicap accessible, catering to a diverse range of potential tenants. In addition to the main office space, a 2,400 square foot ground floor area is available, accessed via a ramp and eight stairs. This lower-level space previously served as a medical office, offering potential for similar uses or adaptable conversion. The property's size and location make it ideal for a range of commercial ventures, from professional offices to medical practices or other businesses requiring ample space and convenient access. The locally owned and managed building ensures a commitment to quality and tenant satisfaction. This property presents a rare opportunity to acquire a substantial and versatile commercial space in a desirable location. The combination of office space and expansive land provides significant potential for future development or expansion.

    Property Features for 259-279 New Britain Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,120 SF

    Unit(s) available at that property

    Space
    Size
    30,120 SF

    HighLights

    • Office and land property totaling 30,120 square feet.
    • Single‑tenant occupancy.
    • 1.87‑acre lot size.
    • Located in Capitol County.
    • Property includes a 5,200 square foot office space and a 2,400 square foot ground floor space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Berlin
    County
    Capitol
    State
    Connecticut
    Longitude
    -72.7695837
    Latitude
    41.641604

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    FAQs

    What type of property is this?
    Land - Spacious Office Building, 1.87 Acres
    Where is this land located?
    The property is located at 259-279 New Britain Rd Berlin, CT.
    What are key features of this property?
    This property features: Office and land property totaling 30,120 square feet.; Single-tenant occupancy.; 1.87-acre lot size.
    Request Owner's contact information
    259-279 New Britain Rd Berlin, CT 06037
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    Berlin, CT 06037
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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
    259-279 New Britain Rd Berlin, CT 06037
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