Technical
Financial
Distress signals
Property profile

51 N Main St Southington, CT 06489

FOR LEASE
Office buildings
Property ID
US15-0284310
25,725 SF 0.59 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,062 square foot multi-tenant office building, located at 51 N Main St in Southington, CT 06489, offers 8 available suites ranging from 140 to 973 contiguous square feet. Currently, 5,048 square feet are vacant. The building is situated in the newly remodeled Abby Park, Abby South building, under new management. Each suite boasts modern amenities including private bathrooms and dedicated storage. The building features high ceilings, stunning hardwood floors, and a welcoming waiting area. This prestigious location in the heart of downtown Southington provides unparalleled convenience and a professional atmosphere, ideal for businesses seeking a sophisticated and comfortable workspace. The property is categorized as both Executive and Medical Office space, making it suitable for a variety of professional uses. The minimum divisible space is 140 square feet, offering flexibility for businesses of various sizes. This is a fantastic opportunity to establish or expand your business in a thriving downtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction FRAME
Total area 25,725 SF
Lot 0.59 ac (25,700 SF)
Zoning code CB
APN SOUT M:111 L:190
UPID US15-0284310

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Tax Preparation
  • Counselor
  • Hair Salon Nail Salon
  • Dental Office
  • Psychotherapist Counselor

Location

51 N Main 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
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.94M

Owner & transaction history

since 2023
Last sale
$2.0M
7 recorded transactions
2024
Price N/A
2023
$2.0M
2001
Price N/A
2000
$70,000
1992
Price N/A
1991
Price N/A
1990
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
Top alternative use upside
Retail stores $3.0M +4.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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