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Property profile & analytics
OFF-MARKET
Commercial real estate

83 Ctr St Southington, CT 06489-3107

0.47 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-1057050
Property summary
AI-generated overview

This exceptional commercial property, located in the heart of downtown Southington, offers 17,750 square feet of versatile retail and office space, ideal for a variety of uses. The building, constructed in 1910, features a flexible layout allowing for spaces ranging from a minimum of 3,500 square feet to a maximum contiguous space of 17,750 square feet. The space is currently configured with 7,680 square feet on the first floor, 6,810 square feet on the second floor, and 3,260 square feet on the lower level. The owner is open to build-to-suit options to accommodate specific tenant needs. Benefitting from a highly visible location, the property boasts over 90 feet of frontage along bustling Center Street. Ample free municipal parking is conveniently located directly across the street, providing easy access for employees and clients. This prime location is further enhanced by its proximity to a new 245-unit luxury apartment development, commencing construction in Spring 2024, which will significantly increase foot traffic and potential clientele in the area. The property is zoned for Central Business use. This presents a rare opportunity to secure a prominent space in a rapidly growing downtown area. The building's history and its modern adaptability make it an attractive investment for businesses seeking a high-profile location with excellent accessibility and future growth potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.47 ac (20,473 SF)
Zoning code CB
APN SOUT M:100 L:091
UPID US15-1057050
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
Current use
Occupant on record · Public records
  • DePaolo Furniture Interior Design Home Decor Store
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
Freedom Property LLC · 1 yrs held
Freedom Property LLC
since 2025
3 recorded transactions
2025
Price N/A
2021
Price N/A
1988
Price N/A
Zoning & alternative use
CB · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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