154 Talcottville Rd Vernon, CT 06066-4705
- Retail space
- 3,635 SF
- 0.64 lot acres
Current Use by Public Records
- Vernon Tailors / Tailor
- Americay Mortgage / Mortgage Broker
- TTTS LLC Estate & Auction Services +More / Auction House
- Irving Group Realty / Real Estate Agency / Real Estate
Property Details for 154 Talcottville Rd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.64 lot acres
- Property size
- 3,635 SF
- Zone code
- COMMER
- Property type
- Retail space
- APN
- VERN M:03 B:0012 L:00010
- APU
- VERNM03B0012L00010
Description
This exceptional commercial property, located at 154 Talcottville Road in Vernon, CT, presents a compelling investment opportunity. Boasting 3,635 square feet on a 0.64-acre lot, this well-maintained building offers four distinct units spread across two levels. The property benefits from significant road frontage—100 feet on a busy state route—ensuring high visibility and accessibility. A prominent road sign further enhances its presence. Ample off-street parking is available for tenants and customers. Convenient public water and sewer services are connected. Currently configured for a mix of office, retail, and salon uses, this versatile space offers significant potential for a variety of businesses. The property includes a convenient ramp for accessibility. Its prime location and existing infrastructure make it an ideal investment for owner-occupancy or a potential candidate for a larger-scale development project, particularly in conjunction with an adjacent property (if available). The property is priced at $625,000. The existing space is also available for lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $410,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $445,000
- Mixed-Use
- $435,000
- Hospitality
- $450,000
- Educational
- $460,000
- Residential Income
- $390,000
- Energy
- $420,000
- Income-Based Land
- $480,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Vernon
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.4934
- Latitude
- 41.8315
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA