451 New Britain Ave Newington, CT 06111-4367
- Retail space
- 4,944 SF
- 0.54 lot acres
Current Use by Public Records
- Jian Huang: Allstate Insurance / Renter'S Insurance Agency / Insurance Agency
- Quote Joe Insurance Agency / Auto Insurance Agency / Home Insurance Agency
- Tokyo Cafe / Sushi Restaurant / Asian Restaurant
- Vapor 9 / Vaporizer Store
- Acupuncture Nutrition & Weight / Weight Loss Service / Acupuncture Clinic
Property Details for 451 New Britain Ave
- Year built
- 1989
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.54 lot acres
- Property size
- 4,944 SF
- Zone code
- B
- Property type
- Retail space
- APN
- NEWI M:21 B:447 L:0
- APU
- NEWIM21B447L0
Description
This exceptional 975-square-foot retail storefront is located at 451 New Britain Avenue in Newington, Connecticut, within Hartford County (zip code 06111). The property is currently configured for multiple tenants and is ideally suited for a variety of uses, including retail, office, or restaurant operations. The space is part of a vibrant commercial center, offering excellent visibility and accessibility from New Britain Avenue. Current tenants include Tokyo Cafe, Infusions Salon, Soothing Day Spa, Farmers Insurance, and Lilly Crow Aesthetics, creating a strong and diverse tenant mix. This presents a unique opportunity to establish a presence in a thriving commercial area with established businesses. The property's location provides convenient access to major transportation routes and a substantial customer base. The space is available immediately and ready for occupancy. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a prime opportunity to secure a well-located retail space in a bustling Newington commercial center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $810,000
- 6.5%
- $785,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $810,000
- Mixed-Use
- $750,000
- Hospitality
- $765,000
- Educational
- $685,000
- Residential Income
- $800,000
- Energy
- $830,000
- Income-Based Land
- $670,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Newington
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7411
- Latitude
- 41.6735
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA