3 Massaco St Simsbury, CT 06070-2118
- Office buildings
- 2,340 SF
- 0.25 lot acres
Current Use by Public Records
- Tours of Distinction / Travel Agency / Tour Operator
Property Details for 3 Massaco St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property size
- 2,340 SF
- Zone code
- SCZ
- Property type
- Office buildings
- APN
- SIMS M:H09 B:202 L:4
- APU
- SIMSMH09B202L4
Description
This exceptional 2,340 square foot commercial property, situated on a 0.25-acre lot at 3 Massaco Street in Simsbury, Connecticut, presents a unique investment opportunity. The building, boasting a classic colonial architectural style, is zoned SC-1, allowing for a wide range of commercial uses. Potential tenants could include daycare centers, medical practices, offices, retail businesses, group living facilities, and more. Its convenient downtown location offers unparalleled access to a wealth of amenities. Residents and employees will enjoy proximity to shopping centers, recreational areas, outdoor events, schools, places of worship, municipal services, and a diverse selection of restaurants. The interior layout provides considerable flexibility, featuring two half-bathrooms and a partially equipped kitchen. This adaptable space is ideal for businesses seeking a well-situated and versatile property in a thriving Connecticut community. The asking price for this promising commercial property is $450,000. This represents a compelling opportunity to acquire a strategically located asset with significant potential for growth and return on investment. The property's zoning and location make it an attractive prospect for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $390,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $430,000
- Mixed-Use
- $440,000
- Hospitality
- $350,000
- Educational
- $415,000
- Residential Income
- $450,000
- Energy
- $370,000
- Income-Based Land
- $375,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Simsbury
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8007
- Latitude
- 41.8812
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA