Property profile

729 Mtn Rd Newington, CT 06111

OFF-MARKET
Warehouses
Property ID
US15-0751324
13,764 SF 0.79 ac lot Built 1962
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This ±13,764 square foot industrial building, located at 729 North Mountain Road in Newington, Connecticut, presents a fantastic opportunity for manufacturing or fabrication businesses. Situated on a 0.79-acre lot in Hartford County, this single-story structure boasts two loading docks and one drive-in door, ensuring efficient loading and unloading operations. Built in 1962 and renovated in 2024, the property is zoned for industrial use and offers a single tenancy. The building's ample square footage provides significant space for production, storage, and office areas. Its convenient location in Newington, Connecticut, offers easy access to major transportation routes, making it an ideal location for businesses needing efficient logistics. The property's recent renovation ensures modern functionality and efficiency, providing a ready-to-occupy space for a variety of industrial uses. The combination of size, features, and location makes this property a highly desirable asset for businesses seeking a well-maintained and strategically located industrial space in Connecticut. The zip code is 06111. This is a single-tenant property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,764 SF
Lot 0.79 ac (34,412 SF)
Zoning code I
APN NEWI M:5 B:17 L:0
UPID US15-0751324

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
  • Metal Fabrication Plant Factory

Location

729 Mtn Rd Newington, CT 06111-1424
Newington metro Census 494500 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$669k
Blend (final) Blend
$605k

Owner & transaction history

since 2021
Last sale
$500,000
2 recorded transactions
2021
$500,000
2013
$410,000

Zoning & alternative use

I · Newington, CT
Zoning description

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…

General category INDUSTRIAL

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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