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Property profile & analytics
FOR SALE
Office Spaces

1834 Silas Deane Hwy Rocky Hill, CT 06067

3,528 SF Built 1960
Entity Owned Absentee Owner Free & Clear
Property ID
US15-1157143
Property summary
AI-generated overview

This exceptional mixed-use property, located at 1834 Silas Deane Highway in Rocky Hill, Connecticut, presents a rare investment opportunity in a thriving commercial corridor. The 4,509 square foot building, a three-story Class B condo, offers a diverse range of spaces ideal for owner-users or investors seeking strong rental income. Currently boasting a 50% occupancy rate with three tenants, the property features a modified lease structure and is projected to be fully occupied by February 28, 2024. The building's layout includes approximately 1,209 square feet on the lower level, 1,550 square feet plus an additional 650 square feet in the rear on the first floor, and 1,100 square feet on the second floor. Previously a successful multi-service salon, this versatile space is suitable for a variety of creative office, executive office, and storefront uses. Benefitting from excellent highway access via I-91, Exit 24, the property enjoys high visibility with over 20,000 cars passing daily, providing ample opportunity for signage and brand exposure. Significant upgrades include two new HVAC units installed within the last five years. The asking price is $425,000, translating to $94.26 per square foot. The property is zoned for commercial use and includes three gas pumps. This is a truly unique opportunity to acquire a well-located, income-producing asset in a highly desirable area.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1960
Total area 3,528 SF
Zoning code C
APN ROCK M:04 L:411 U:A
UPID US15-1157143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leslie's Cute-Tz Salon Hair Salon Nail Salon
  • Bella Tan & Beauty Tanning Salon
  • PC America Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Mitey Media Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
85 SILAS DEAN ASSOC LLC
85 SILAS DEAN ASSOC LLC
Zoning & alternative use
C · Rocky Hill, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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