1159 Main St Coventry, CT 06238
- Showrooms
- 4,080 SF
- 1.50 lot acres
Current Use by Public Records
- Preserved / Antique Store
- Cody Carter Mobile Toilet Rentals / Party Equipment Rental Service
- Hammerhead Health / Health
- National Ribbon Corporation / Manufacturer
Property Details for 1159 Main St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 1.50 lot acres
- Property size
- 4,080 SF
- Zone code
- VC
- Property type
- Showrooms
- APN
- COVE M:000O B:0062 L:0010
- APU
- COVEM000OB0062L0010
Description
This 8,000 square foot industrial property, situated on a 1.5-acre lot in Coventry, offers two available spaces for lease. One space, located on the lower level, comprises 4,000+ square feet of light manufacturing/shop space, featuring a 10-foot ceiling height and one overhead door. This space is available for $2,590 per month plus utilities. A second, 2,000 square foot space, previously a fitness center, boasts an open layout, abundant natural light from numerous windows, and is handicap accessible. This space rents for $2,210 per month plus utilities and includes one overhead door. Both spaces benefit from a recently paved parking lot with 20 total spaces, one drive-in bay, and additional parking available at the rear of the building. An additional acre of land offers potential for further parking or storage. The building, constructed in 1950, is a single-story Class B structure with 120 feet of frontage. Utilities include city sewer, a well, and propane heat. The property is zoned VC Village Commercial and is also available for sale. Minimum divisible space is 4,000 square feet, with a maximum contiguous space of 4,000 square feet. Currently, 4,000 square feet is vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $285,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $255,000
- Mixed-Use
- $285,000
- Hospitality
- $295,000
- Educational
- $310,000
- Residential Income
- $250,000
- Energy
- $230,000
- Income-Based Land
- $270,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Coventry
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.2997
- Latitude
- 41.7672
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA