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    OFF-MARKET
    Office Spaces

    259-279 New Britain Rd, Berlin, CT 06037

    30,120 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Total area 30,120 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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