42 Neal Ct Plainville, CT 06062
- Warehouses
- 4,700 SF
- 0.58 lot acres
Current Use by Public Records
- Waterbury Fire & Safety / Fire Protection Equipment Supplier
- A A Fire Equipment Co / Fire Protection Equipment Supplier
- Connecticut Fire Equipment, Inc. / Fire Protection Equipment Supplier
Property Details for 42 Neal Ct
- Year built
- 1984
- Construction
- FRAME
- Lot size
- 0.58 lot acres
- Property size
- 4,700 SF
- Zone code
- GI
- Property type
- Warehouses
- APN
- PLAI M:24 B:R L:02.6
- APU
- PLAIM24BRL026
Description
This exceptional 4,700 square foot industrial warehouse presents a rare opportunity in Plainville, CT's thriving industrial district. Situated on a 0.58-acre lot, this property boasts a wealth of desirable features, making it ideal for a variety of industrial, automotive, or manufacturing businesses. The building's recent upgrades include a new roof (2023) and a newly paved driveway (2022), complemented by updated exterior lighting and signage for enhanced visibility and security. Inside, you'll find three forced hot air furnaces, ensuring comfortable year-round operation. The spacious interior also includes office space equipped with central air conditioning and heating (CAIR), providing a comfortable environment for administrative tasks. Powering the facility is a robust 1,200 AMP, 3-phase electrical system, perfectly suited for high-powered machinery and demanding industrial operations. Three oversized garage bays (12x8, 10x10, and 8x8) offer convenient access for loading and unloading, while 12-foot ceilings provide ample vertical space. The property also includes two half-bathrooms for employee convenience. Constructed with a durable pre-engineered steel frame, this building is built to last. Zoned Industrial (I), this property offers an excellent combination of functionality and location, making it an ideal investment for expanding businesses or new industrial operations seeking a well-equipped and strategically located facility. The asking price is $800,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $340,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $375,000
- Mixed-Use
- $415,000
- Hospitality
- $305,000
- Educational
- $360,000
- Residential Income
- $340,000
- Energy
- $325,000
- Income-Based Land
- $325,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Plainville
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8642
- Latitude
- 41.6735
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
