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Property profile & analytics
FOR LEASE
Parking lots & garages

406 Somers Rd Ellington, CT 06029

1,536 SF 0.92 ac lot Built 1980
Entity Owned 15-yr Hold Free & Clear
Property ID
US15-0831489
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1980
Construction FRAME
Total area 1,536 SF
Lot 0.92 ac (40,075 SF)
Zoning code I
APN ELLI M:121 B:028 L:0000
UPID US15-0831489
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cool Bean LLC · 15 yrs held
Cool Bean LLC
since 2011
1 recorded transaction
2011
$120,000
Zoning & alternative use
I · Ellington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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