Professional Office Condo with rental income

Office for Sale
Catylist Listing ID: 30648087
Property Subtypes: Executive Suites, Medical, Office Building
Condo? Yes
Building Size (RSF): 1,610 SF
Gross Building Area: See Agent
Sale Price: $115,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 1,610 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

Professional office condominium. Built out as a law office but could be used for medical offices, CPA or other professional business's as well. Well maintained and desirable building. Located across from the Court House and near amenities including restaurants. Onsite parking and parking garage across the street. Easy access to Rt 9 and I-84 or I-91. The suite is currently divided into 2 units but can easily be 1 unit. Existing long time tenant on one side (700 SF) would stay if buyer prefers and pay $1,422 rent. Vacant unit is 910 SF. Buyer would basically have a "free" office space if tenant stays. Or tenant will move out and you will have a 1,610 SF office suite with 3+ private offices. Office panel systems can stay or will be removed at buyers option.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Hartford
Taxing Authority: New Britain
Is Condo?: Yes
Zoning: A3
Property Visibility: Excellent
Highway Access: Easy access to Rt 9 and I-84 or I-91.
Airports: Bradley International Airport. Robertson Field nearby for private aircraft
Year Built: 1988
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,501 96,809 201,002
Median Age: 33.18 36.81 39.75
Households: 11,024 37,575 81,177

Contact

Photograph of Listing Agent

Frank Amodio, CCIM

Amodio & Co Real Estate CTCList Member
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