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    389 John Downey Dr New Britain, CT 06051
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    Property profile & analytics

    389 John Downey Dr, New Britain, CT 06051

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    • Industrial properties
    • 32,520 SF
    • 2.13 lot acres
    Flex Building in New Britain For Sale
    $2,500,000
    33,276 SF

    Flex Building in New Britain

    33,276 SF flex building for sale or lease.

    389 John Downey Dr, New Britain, CT 6051
    View Listing
    Property ID
    US15-0347354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hartford HealthCare Systems Support Office / Corporate Office

    Property Details for 389 John Downey Dr

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    2.13 lot acres
    Zone code
    I1
    Property type
    Industrial properties
    APN
    NBRI M:A9B B:3
    APU
    NBRIMA9BB3

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $725,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,172,000
      Market price range: $646k - $1.17M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7544
    Latitude
    41.6646
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,843
    $160,650
    $1,272,040
    $1,432,690
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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