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Property profile & analytics
OFF-MARKET
Office buildings

3 Waterville Rd Farmington, CT 06032-1634

3,588 SF 0.22 ac lot Built 1985
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US15-0566836
Property summary
AI-generated overview

This exceptional 3-acre development site in Hartford County presents a unique opportunity for investors and businesses seeking a high-visibility location. Classified as Class A, this mixed-use property offers 15,000 square feet of leasable retail space, currently with one space available. Its strategic location at a signalized intersection ensures maximum exposure and accessibility for potential tenants. The property's designation as a "gateway location" underscores its prime position within the community. The site is part of a larger mixed-use development incorporating multifamily residential components, creating a vibrant and diverse environment. This presents a synergistic opportunity for businesses to tap into a built-in customer base. The property's versatility allows for a range of retail concepts, benefiting from high traffic counts and strong visibility. Detailed conceptual plans are available for download, providing a comprehensive overview of the development potential. This is an ideal investment for those seeking a high-impact retail presence in a thriving, dynamic location. The property's commercial, residential, and industrial subtypes offer significant flexibility and potential for future expansion. Don't miss this chance to secure a prominent position in a rapidly growing area. Contact us today to learn more about this exceptional development opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 3,588 SF
Lot 0.22 ac (9,583 SF)
Zoning code B2
APN FARM M:0091 B:5-20850003
UPID US15-0566836
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Circle of Health Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
1 Waterville Road LLC · 13 yrs held
1 Waterville Road LLC
since 2012
4 recorded transactions
2013
Price N/A
2012
$510,000
2006
$550,000
1994
$17,000
Zoning & alternative use
B2 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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