Glastonbury Business Opportunity

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30322544
Property Subtypes: Office Building, Other
Building Size (RSF): 1,140 SF
Gross Building Area: 2,396 SF
Gross Land Area: 0.71 - 0.78 Acres
Sale Price: $339,900
Unit Price: $298.16 PSF
Ceiling: 6 ft.
Property Use Type: Investment, Business
Building Name: 58 Pratt St
Class of Space: Class C
Usable Size (USF): 1,198 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 75
Last Updated: 11/8/2018

Overview / Comments

Investment opportunity, 2-3 commercial rental units. 2 units occupied with long term tenants: Tailor and Beauty Salon on month to month. Both tenants wish to remain if option available with sale. Third location small single office space unoccupied with utilities tied to Tailor shop side. office space was leased with both office and Tailor shop splitting electric.

Sale Includes adjacent wooded puffer lot to right of property 12'-13' x 293' Parcel ID 574681.
Deep 293' lot with plenty of room for expansion, back lot is lightly wooded.
Parking lot has had drainage with room to grow. Building was previously approved for expansion up to 10,000 sq ft with 2nd fl.
Convenient Location close to down town Glastonbury

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Hartford
Taxing Authority: Town of Glastonbury CT
Tax ID/APN: 574691
Property Located Between: Glastonbury Blvd and Naubuc Ave
Property Visibility: Good
Highway Access: Easy access off Rt2 & Rt3 Down town Glastonbury
Site Description: Residential Ranch style building converted into Commercial use.
Area Description: Convenient location close to Glastonbury CT Center, Just off Main St.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,198 SF
Year Built: 1958
Year Renovated: 1996
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: 1 floor Ranch style Residential building converted to Commercial use, Vinyl sided with handi-cap access.
Parking Ratio: 1000 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved, rear, off street parking with drainage and room for exspandsion
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Electricity, Natural Gas, Hot Water, Other
Heat Source: Baseboard, Wall Units, Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Current use: Commercial Lease: 1 unit Tailor Shop, 1 unit Beauty Salon, 1 unit unoccupied office space
Zoning Description: Universal: Commercial Building
Lot Frontage: 117 ft
Lot Depth: 293+ ft
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None
Land Ownership: Owned
Legal Description: Commercial Building, Property ID: 574691 & 574681 Total combined .78 ac, Boundaries:117 ft frontage, 122 ft Rear, 293 ft right, 307 ft left

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,465 59,785 255,886
Median Age: 43.68 41.24 37.04
Households: 1,694 24,847 100,343


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