760 Hopmeadow St Simsbury, CT 06070-2257
- Office buildings
- 9,856 SF
- 0.40 lot acres
Current Use by Public Records
- Richman Business Brokerage & Insurance, LLC / Business Broker
- Melissa Hartman, CPA / Accounting Firm / Tax Preparation
- Sustainable Health & Wellness / Gym & Fitness Center / Alternative Medicine Practice
- Emerald Consulting / Consultant
Property Details for 760 Hopmeadow St
- Year built
- 1918
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Property size
- 9,856 SF
- Zone code
- SCZ
- Property type
- Office buildings
- APN
- SIMS M:G10 B:205 L:3+4
- APU
- SIMSMG10B205L34
Description
This exceptional 14,092 square foot commercial building, located at 760 Hopmeadow Street in Simsbury, CT, presents a unique investment opportunity. Originally constructed in 1917 as the Simsbury Bank & Trust, this stunning example of Colonial Revival architecture has been meticulously preserved and restored to its original grandeur. A complete restoration was undertaken in 1994, ensuring the building's historical integrity while incorporating modern amenities. Significant capital improvements were made just ten years ago, transforming the space into efficient and attractive office suites. The building currently boasts a fully leased occupancy, with all utilities and WiFi included in the rental rates for each tenant. The lower level comprises 4,236 square feet of finished space, also currently under lease. Situated on a 0.4-acre lot, this property offers convenient access and ample parking. Its listing on the National Register of Historic Places adds significant prestige and potential for tax incentives. This is a rare chance to acquire a historically significant, fully occupied, and well-maintained commercial property in a desirable Connecticut location. The asking price is $1,200,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,303,000
- AI Estimate
- $1,416,000
Market price range: $697k - $1.52MMarket price range: $688k - $1.60M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,085,000 Current use
- RESTAURANT
- $1,685,000 Change: +55% Conversion: Moderate
- RETAIL STORES
- $1,135,000 Change: +4% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $990,000 Change: -9% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $930,000 Change: -14% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $905,000 Change: -17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Simsbury
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8013
- Latitude
- 41.8751
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA