30 Alcap Rdg Cromwell, CT 06416
- Industrial properties
- 3,750 SF
- 10.37 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 30 Alcap Rdg
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.37 lot acres
- Property size
- 3,750 SF
- Zone code
- IND
- Property type
- Industrial properties
- APN
- CROM M:00089200
- APU
- CROMM00089200
Description
This exceptional 10.37-acre industrial land parcel, located at 30 Alcap Ridge in Cromwell, Connecticut (zip code 06416), presents a unique investment opportunity. Situated in Middlesex County, this property boasts convenient access to Interstate 91, specifically a half-mile proximity to Exit 21, offering seamless connectivity for logistics and transportation. The site is zoned for industrial use and features all utilities readily available at the street. The expansive lot allows for the construction of approximately 30,000 square feet of new development, catering to a variety of potential uses. Permitted uses include offices and warehousing, motor vehicle service and repair, contractor yards, and general outside material storage (subject to special permit). The asking price is $695,000, translating to $23.17 per square foot. This prime location offers a strategic advantage, being centrally located within Connecticut and a mere 28-minute drive from Bradley International Airport. Furthermore, the potential for expansion exists with additional abutting industrial land available for acquisition. This property is ideal for businesses seeking a well-connected, versatile, and expandable industrial site in a thriving Connecticut market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $370,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $370,000
- Mixed-Use
- $375,000
- Hospitality
- $345,000
- Educational
- $370,000
- Residential Income
- $310,000
- Energy
- $350,000
- Income-Based Land
- $335,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Cromwell
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.7101
- Latitude
- 41.6105
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA