39 Center St Southington, CT 06489
- Retail space
- 10,420 SF
- 0.13 lot acres
Current Use by Public Records
- Retail space
Property Details for 39 Center St
- Year built
- 1932
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 10,420 SF
- Zone code
- CB
- Property type
- Retail space
- APN
- SOUT M:100 L:095
- APU
- SOUTM100L095
Description
This exceptional commercial property, located at 39 Center Street in the heart of Southington, Connecticut, presents a rare opportunity. This 10,400 square foot building, constructed in 1932, offers flexible lease options with a minimum divisible space of 2,500 square feet and the potential to lease the entire 10,400 square feet contiguously. The space is zoned for Central Business use and is ideally suited for both traditional office and medical office tenants. The building features high ceilings, measuring 18 feet 2 inches, and benefits from significant street frontage—over 70 feet on a prominent corner of Center Street. The property's layout includes 5,000 square feet on the first floor and 5,400 square feet on the lower level. The landlord is open to build-to-suit options to accommodate specific tenant needs. Conveniently located, the property enjoys the benefit of free municipal parking directly across the street. This prime location is experiencing significant revitalization, with the commencement of a 245-unit luxury apartment complex in Spring 2024, promising increased foot traffic and a thriving business environment. This is a unique chance to establish a presence in a rapidly growing downtown area, within Hartford County, and in a building that has been rarely available for lease in nearly a century. The property's zip code is 06489.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $490,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $585,000
- Mixed-Use
- $545,000
- Hospitality
- $450,000
- Educational
- $475,000
- Residential Income
- $555,000
- Energy
- $580,000
- Income-Based Land
- $530,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Southington
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8793
- Latitude
- 41.602
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA