Property summary
This exceptional investment opportunity presents a nearly fully leased, three-building office complex situated on a desirable 1.77-acre lot in Orange, Connecticut's scenic Indian Hill neighborhood. The property boasts a total of 28,024 square feet of leasable space, currently housing Racebrook offices, and offers ample parking for over 60 vehicles. Enjoy serene pond views from the expansive parking area. The strategic location provides excellent accessibility, being just one mile from I-95 and conveniently close to the Merritt Parkway. This prime mixed-use development site benefits from its proximity to major retailers including Home Depot, Walmart, and Costco, ensuring high visibility and convenient access for tenants and employees. The asking price for this exceptional property is $2,200,000. The property's strong tenant base and prime location make it an attractive investment for both passive and active investors seeking a stable and appreciating asset in a thriving market. The three separate buildings offer flexibility and potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a highly sought-after location. The substantial parking capacity and beautiful pond views add to the overall appeal and desirability of this exceptional offering.
Property profile
VerifiedCap rate & NOI
Current use
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Consultant
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Dental Office
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Dental Office
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Dental Office
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Gym & Fitness Center Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Subject to the regulations contained herein, cannabis establishments are permitted in the Commercial C-1 District only and are prohibited in all other districts. No more than one cannabis establishment shall be permitted…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Orange, CTSubject to the regulations contained herein, cannabis establishments are permitted in the Commercial C-1 District only and are prohibited in all other districts. No more than one cannabis establishment shall be permitted…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Subject to the regulations contained herein, cannabis establishments are permitted in the Commercial C-1 District only and are prohibited in all other districts. No more than one cannabis establishment shall be permitted…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Orange, CT.
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