406 Somers Rd Ellington, CT 06029-2629
- Parking lots & garages
- 1,536 SF
- 0.92 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 406 Somers Rd
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 1,536 SF
- Zone code
- I
- Property type
- Parking lots & garages
- APN
- ELLI M:121 B:028 L:0000
- APU
- ELLIM121B028L0000
Description
This exceptional 1,984 square foot commercial building is situated on a highly visible 0.92-acre lot at 406 Somers Road in Ellington, CT. Boasting approximately 200 feet of frontage on busy Route 83, this property enjoys excellent exposure next to Ellington Airport and a motorcycle dealership, ensuring high traffic and visibility. The building features three garage bays with overhead doors, offering ample space for various uses. The 8-foot ceilings provide generous vertical clearance. The expansive lot, measuring approximately 190 feet by 200 feet, allows for ample parking, with the potential to accommodate 60+ vehicles. The building is currently in shell condition, ready for renovation to suit the buyer's specific needs. Public water and sewer connections are readily available at the street, offering a convenient alternative to the existing well and septic system. The seller is open to considering cooperative build-out arrangements and seller-held financing options, providing flexibility for potential buyers. This property presents a unique opportunity for a wide range of commercial ventures, from automotive sales and repair to warehousing and retail businesses. Its prime location and versatile layout make it an ideal investment for entrepreneurs seeking a high-traffic, easily accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $200,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $190,000
- Mixed-Use
- $210,000
- Hospitality
- $210,000
- Educational
- $215,000
- Residential Income
- $185,000
- Energy
- $230,000
- Income-Based Land
- $210,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Ellington
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.4556
- Latitude
- 41.9269
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA