883 Hopmeadow St, Simsbury, CT 06070-1884

This exceptional value-add investment opportunity presents two well-maintained office buildings totaling 5,951 square feet, situated on a 1.19-acre lot in Simsbury, Connecticut's desirable Center Zone (SCZ). The property, constructed in 1900 and 1988, comprises two buildings with a combined five units across two stories. Currently, the ground floors are leased to an optician and Edward Jones Investments, providing a stable income stream. The upper floors offer significant potential for owner-occupancy or redevelopment. The second floor is readily adaptable for conversion into apartments, while the third floor presents a further conversion opportunity, pending the addition of appropriate egress. The property boasts 25 parking spaces and benefits from its convenient walkable location to Simsbury's numerous amenities. The asking price is $850,000, translating to $142.83 per square foot. The lease type is gross, and tenants are credit-rated. This multi-tenant property presents a compelling investment prospect for both owner-users and developers seeking a prime location in a thriving Connecticut town.