192 Westbrook Rd Essex, CT 06426
- Showrooms
- 15,316 SF
- 2.06 lot acres
Current Use by Public Records
- A J Shea Construction / Construction Company / General Contractor
- Dr. Jonathan S. Mittelman, MD / Doctor
- Shoreline: Danyliw Thomas J MD / Family Practice Physician
- Thurrott Terry S / Occupational Therapist
- Dr. Matthew Lundquist, MD / Doctor
Property Details for 192 Westbrook Rd
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.06 lot acres
- Property size
- 15,316 SF
- Property type
- Showrooms
- APN
- ESSE M:79 B:034
- APU
- ESSEM79B034
Description
This exceptional 15,316 square foot commercial building, situated on a 2.06-acre lot at 192 Westbrook Road in Essex, Connecticut, presents a unique investment opportunity. The property boasts an enviable location on a state road with high traffic volume, ensuring excellent visibility and accessibility. Currently, approximately 11,000 square feet of clean, adaptable space is available for lease or purchase. The building features multiple offices, allowing for flexible configurations and potential subdivision to suit various business needs. Ample parking is provided for employees and clients. The property's modern amenities include ADA compliance, a comprehensive sprinkler system, and a cost-effective solar energy system, contributing to significant energy savings. The robust electrical service includes a 600-amp, 3-phase power supply. Its strategic location offers easy access to major transportation arteries, including Route 95 and Route 9, enhancing its appeal to a wide range of businesses. Excellent signage opportunities further amplify the property's marketing potential. The versatile space is well-suited for a variety of uses, including educational institutions, medical offices, and other professional office settings. This is a rare opportunity to acquire a highly functional and strategically located commercial property in a thriving Connecticut community. The asking price is $2,450,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $455,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $465,000
- Mixed-Use
- $595,000
- Hospitality
- $620,000
- Educational
- $515,000
- Residential Income
- $585,000
- Energy
- $520,000
- Income-Based Land
- $595,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Essex
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.4212
- Latitude
- 41.3349
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA