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Property summary
This exceptional 33,276-square-foot flex building, situated on a 2.13-acre lot in New Britain, Connecticut, presents a compelling investment opportunity. The property, located at 389 John Downey Drive, boasts a desirable I1 zoning designation and is currently vacant, offering immediate occupancy starting October 12, 2023. The two-story building features 26,792 square feet on the ground floor and 6,480 square feet on the second, equipped with substantial power (600 amp, 480 volt). The asking price is $2,500,000, translating to $75.13 per square foot. Ample parking is available with 50 spaces, complemented by prominent monument and on-building signage opportunities. The property benefits from high visibility, situated near Route 9, Exit 34, with a daily traffic count of 5,800 vehicles. Built in 1972, this building offers a 14-foot ceiling height and is offered as an owner/user opportunity with a NNN lease type. This prime location and versatile space make it ideal for a variety of industrial and flex uses. The property is ready for immediate occupancy and presents a strong return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
sign, including its structure, shall exceed a height of twenty (20) feet above the lowest adjacent established grade. 250-80-60 Notwithstanding these provisions a Shopping Center in a B-2 zone or an Industrial Park in a…
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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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I1 · New Britain, CTsign, including its structure, shall exceed a height of twenty (20) feet above the lowest adjacent established grade. 250-80-60 Notwithstanding these provisions a Shopping Center in a B-2 zone or an Industrial Park in a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
sign, including its structure, shall exceed a height of twenty (20) feet above the lowest adjacent established grade. 250-80-60 Notwithstanding these provisions a Shopping Center in a B-2 zone or an Industrial Park in a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in New Britain, CT.
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