Investment Property

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30574242
Property Subtypes: Medical
Status: Pending/Contingent
Building Size (RSF): 4,924 SF
Gross Land Area: 0.85 SF
Sale Price: $475,000
Unit Price: $96.47 PSF
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 8/17/2020

Overview / Comments

Medical Office Suites located within walking distance to The Bristol Hospital. Currently leased to a large Medical Arts Group. Attractive, updated and well maintained facility. Waiting room/reception office, exam rooms, private offices, conference room, kitchenette. basement. Off street parking lot with 31 parking spaces. Good cash flow with a 16.0 capitalization rate.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Hartford
Tax ID/APN: 30A-2-6
Property Located Between: Bristol Hospital and Route 72
Property Visibility: Excellent
Highway Access: Close to Route 72, 229 and I-84.
Site Description: Open and Level
Area Description: Hospital area with offices and residential.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1959
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Building is of wood and glass. Small front yard area is landscaped.
Parking Type: Surface
Parking Description: Off street, lined parking lot with 31 spaces
Total Parking Spaces: 31
Sprinklers: None
Heat Type: Oil
Heat Source: Other
Air Conditioning: Other
Interior Description: Attractive, modern, well maintained medical suite
Zoning Description: Residential
Lot Frontage: 100 ft.
Lot Depth: 375 ft.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,030 64,975 122,257
Median Age: 35.69 40.9 41.3
Households: 5,535 27,151 49,747


Photograph of Listing Agent

Joel Witkiewicz, CCIM

Advance Realty CT, LLC CTCList Member
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