276 Main St Farmington, CT 06032-3624
- Office buildings
- 4,264 SF
- 0.37 lot acres
Jan 13, 2022
Current Use by Public Records
- Padgett Business Services / Tax Preparation / Bookkeeping Service
- Ink hair bar / Hair Salon
- Nationwide Insurance: Joseph M Proud III / Auto Insurance Agency / Home Insurance Agency
- SIG Insurance Agency - A Relation Company / Insurance Agency
- Society Financial Corporation / Mortgage Lender
Property Details for 276 Main St
- Year built
- 1965
- Lot size
- 0.37 lot acres
- Property size
- 4,264 SF
- Zone code
- BR
- Property type
- Office buildings
- APN
- FARM M:0129 B:1
- APU
- FARMM0129B1
Description
This exceptional 4,267 square foot commercial building presents a unique investment opportunity in the thriving Farmington, CT business district. Situated on a 0.37-acre lot at 276 Main Street, this fully remodeled property boasts four separate commercial spaces, each with its own private entrance. This versatile layout is perfect for owner-occupiers seeking to establish their business or investors aiming for a strong income stream. The building's prime location on a high-traffic street, with a daily car count exceeding 12,000, guarantees exceptional visibility and accessibility for tenants. This translates to significant marketing advantages and increased potential for attracting a diverse range of businesses. The property's modern design is complemented by a state-of-the-art smart video security system, ensuring a secure and technologically advanced environment for all occupants. The building's strong location, combined with its flexible layout and modern amenities, makes it an attractive proposition for a variety of commercial uses, promising a solid return on investment. The asking price for this exceptional property is $700,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset in a highly desirable location within a robust and growing market. The building's modern features and strategic location combine to create a truly exceptional investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $500,000
- ML approach
- $480,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $426,000
- AI Estimate
- $310,000
Market price range: $423k - $639kMarket price range: $127k - $562k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $480,000 Current use
- RETAIL STORES
- $490,000 Change: +3% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $430,000 Change: -11% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $405,000 Change: -16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8426
- Latitude
- 41.708
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA