259-279 New Britain Rd, Berlin, CT 06037
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.