365 Main St Watertown, CT 06795
- Commercial real estate
- 20,814 SF
- 0.88 lot acres
Current Use by Public Records
- VNA Health at Home / Home Health Care Service
- Jan Peluso Realtor / Real Estate Agency
- Access Rehab Centers / Physical Therapy Clinic
- A & S Contractors LLC / General Contractor
- Lux Health MD / Weight Loss Service
Property Details for 365 Main St
- Year built
- 1989
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.88 lot acres
- Property size
- 20,814 SF
- Zone code
- BC
- Property type
- Commercial real estate
- APN
- WTWN M:100 B:46 L:22
- APU
- WTWNM100B46L22
Description
This exceptional medical office building, located at 365 Main Street, Unit 202, Watertown, CT 06795, presents a unique investment opportunity. The property, situated on a 0.88-acre lot in Litchfield County, boasts 7,182 square feet of modern office space spread across three stories. Originally constructed in 1989, Suites 200 and 201 underwent a complete renovation in 2022, resulting in a contemporary and functional layout. The building features a convenient elevator and ample parking, catering to the needs of both staff and patients. The space is zoned for commercial use and benefits from its prime location on the well-traveled Route 63. The property includes two suites: Suite 200-201 comprises 4,641 square feet, while Suite 202 offers 2,541 square feet. With a ceiling height of 10 feet 6 inches, the space is bright and airy. Previously used as medical space, this property is ideally suited for a variety of medical practices or related businesses. Priced to sell at $800,000, this is an excellent opportunity to acquire a well-maintained, strategically located medical office building in a thriving Connecticut community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,010,000
- 6.5%
- $1,000,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $835,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,015,000
- Retail
- $780,000
- Mixed-Use
- $875,000
- Hospitality
- $800,000
- Educational
- $1,025,000
- Residential Income
- $1,040,000
- Energy
- $870,000
- Income-Based Land
- $765,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1173
- Latitude
- 41.6052
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
