4 Riverside AveBristol, CT 06010

  • Retail properties
  • 10,960 SF
For Lease

Property Details for 4 Riverside Ave

Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.91 AC
Property size (Sq ft)
10,960 SF
Zone code
BD-1
Property type
Retail properties
Property subtype
Banks
APN
BRIS M:30 L:C-8-2
APU
BRISM30LC82

Description

This exceptional ±5,480 square foot office space is situated on the second floor of a Class A commercial building at 4 Riverside Avenue in downtown Bristol, Connecticut. The entire building encompasses approximately 10,960 square feet, offering the potential for expansion or consolidation within the same building. This location provides easy access to local amenities and boasts a prominent address in the heart of Bristol's business district. The space is available for multiple tenants, offering flexibility for businesses of various sizes. The property sits on a 0.91-acre lot, providing ample space and potential for future development. The building's Class A designation signifies high-quality construction and modern amenities, ensuring a professional and comfortable work environment. This is an excellent opportunity for businesses seeking a well-located, high-quality office space in a thriving Connecticut community. The minimum divisible space is 5,480 square feet, making it ideal for a single tenant or a smaller group of businesses. Located in Hartford County, this property offers convenient access to major transportation routes and a vibrant local economy. The address is 4 Riverside Avenue, Bristol, CT 06010. This listing presents a rare opportunity to secure premium office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,663,662
    6.5%
    $2,458,766
    7%
    $2,283,139
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,608,725
    Geo Method
    $3,608,725
  • Alternative Use

    Use
    Valuation
    Residential
    $2,074,061
    Hospitality
    $1,899,828
    Educational
    $1,580,635
    Medical
    $1,634,995
    Retail
    $2,458,766
4 Riverside Ave, Bristol, Connecticut
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Location Insight

City
Bristol
County
Hartford
State
Connecticut
Latitude
41.6709
Longitude
-72.9447
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,445
$119,980
$1,575,070
$1,695,050
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-
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