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    FOR LEASE
    Super regional malls

    353 Scott Swamp Rd, Farmington, CT 06032

    19,218 SF 2.52 ac lot Built 1988
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US15-0231509
    Property summary
    AI-generated overview

    This exceptional 19,776 square foot retail shopping center, located at 353 Scott Swamp Road in Farmington, Connecticut, presents a unique investment opportunity. The property, built in 1988 and extensively renovated in 2023, boasts a Class B designation and comprises a single, one-story building situated on 2.52 acres of land. Currently, there are five available retail units ranging from a minimum of 1,385 square feet to a maximum contiguous space of 9,495 square feet, totaling 9,495 square feet of vacant space. The property features ample parking with 119 spaces (a 6/1000 ratio), providing convenient access for customers. Its strategic location in Farmington, Hartford County, offers excellent visibility and high traffic counts of 22,052 ADT. Directory and monument signage enhance the property's prominence. Farmington's strong economy, low mill rate, highly educated workforce, and convenient access to regional highways make this a highly desirable location for businesses. The property's nine total suites offer flexibility for various retail concepts. This is an ideal opportunity to establish or expand a retail presence in a thriving Connecticut market.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1988
    Total area 19,218 SF
    Lot 2.52 ac (109,771 SF)
    Zoning code B1
    APN FARM M:0136 B:43E
    UPID US15-0231509
    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
    • Dr. Allen A. Currier Jr, MD Physician
    • Farmington Imaging Center Medical Clinic
    • Detailing World-Farmington Auto Parts Store
    • Orthosynetics Dental Office
    • Little Angels Childcare Center Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $510k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $792k
    Blend (final) Blend
    $650k
    Owner & transaction history
    Scott Swamp Prop LLC · 16 yrs held
    Scott Swamp Prop LLC
    since 2010
    3 recorded transactions
    2010
    $1
    2005
    1996
    Zoning & alternative use
    B1 · Farmington, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.1M +39.4%
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    More about this property
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