760 Hopmeadow St, Simsbury, CT 06070-2257
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.
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Richman Business Brokerage & Insurance, LLC Business Broker
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Melissa Hartman, CPA Accounting Firm Tax Preparation
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Sustainable Health & Wellness Gym & Fitness Center Alternative Medicine Practice
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Emerald Consulting Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
SCZ · Simsbury, CTSimsbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.