Technical
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Property profile

213 Spring St Southington, CT 06489

FOR SALE
Manufacturing properties
Property ID
US15-0544362
15,040 SF 2.52 ac lot Built 1970
Entity Owned 35-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,040-square-foot industrial property, located at 213 Spring Street in Southington, Connecticut, presents a unique investment opportunity. Situated on a 2.52-acre lot zoned I-1, this Class B building offers a versatile layout ideal for a variety of uses. Originally a printing and production facility, the space is divided into three distinct sections. One section comprises approximately 6,000 square feet of office and lab space featuring large rooms. The remaining area is divided into two warehouse sections, one offering approximately 3,000 square feet with 14'6" ceilings, and the other approximately 6,000 square feet with 15' to 17' ceilings. The property boasts convenient access to I-84, an interior loading dock, and robust power with 800-amp, three-phase, 220-volt service. Built in 1970, this property is available for $1,350,000, translating to $89.76 per square foot. The occupancy date is September 1, 2024. This property's size, location, and features make it an attractive option for businesses seeking a functional and well-located industrial space in Hartford County.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,040 SF
Lot 2.52 ac (109,771 SF)
Zoning code I-1
APN SOUT M:169 L:012
UPID US15-0544362

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 Printing Service
  • (Bike/Boat/Book/etc) Store Printing Service
  • Publishing House Newspaper & Magazine

Location

213 Spring St Southington, CT 06489
Southington metro Census 430604 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 1991
1 recorded transaction
1991
Price N/A

Zoning & alternative use

I-1 · Southington, CT
Zoning description

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

General category INDUSTRIAL

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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