Technical
Financial
Distress signals
Property profile

1 Ctr St Southington, CT 06489

OFF-MARKET
Office buildings
Property ID
US15-1038434
10,684 SF 0.07 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

1 Center Street offers a fantastic opportunity to lease professional office space in a thriving downtown business district. This three-story building, totaling 10,684 square feet, boasts a prime, signalized corner location offering excellent visibility and accessibility. The property is situated within a walkable area rich with diverse amenities, making it an ideal location for businesses seeking a vibrant and convenient environment. The building is currently configured for multiple tenants, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 3,500 square feet. This allows for flexibility in accommodating businesses of various sizes. The property sits on a 0.07-acre lot and is zoned CB, providing a range of potential uses. The building's location within the bustling downtown area ensures high foot traffic and easy access to public transportation, restaurants, and other essential services. This is an exceptional opportunity to establish a presence in a highly desirable and convenient location. The building's prime corner location and walkable downtown setting offer unparalleled visibility and accessibility for your business. Consider this exceptional opportunity to secure your ideal office space in a thriving urban environment. Inquire today to learn more about leasing options and availability.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,684 SF
Lot 0.07 ac (3,049 SF)
Zoning code CB
APN SOUT M:100 L:100
UPID US15-1038434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Apartment Building
  • Loan Service Bank
  • Bank Loan Service
  • Real Estate Agency

Location

1 Ctr St Southington, CT 06489-3102
Southington metro Census 430100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2023
Last sale
$472,000
7 recorded transactions
2023
Price N/A
2023
$472,000
2012
Price N/A
2009
Price N/A
2008
$1
2007
$575,000
2006
$250,000

Zoning & alternative use

CB · Southington, CT
Zoning description

The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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