Technical
Financial
Distress signals
Property profile

39 Ctr St Southington, CT 06489

OFF-MARKET
Retail space
Property ID
US15-0559140
10,420 SF 0.13 ac lot Built 1932
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1932
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,420 SF
Lot 0.13 ac (5,663 SF)
Zoning code CB
APN SOUT M:100 L:095
UPID US15-0559140

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

39 Ctr St Southington, CT 06489
Southington metro Census 430100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

CB · Southington, CT
Zoning description

The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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