142 Queen St 2,491 SF 100% Leased Office Building Southington, CT 06489 $450,000 ($180.65/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic area
- Tenants with national brands
- Building condition is above average
EXECUTIVE SUMMARY
This commercial property has recently been remodeled, has a newer central air system, finished lower walkout level with two bathrooms, 20+ parking spaces, property currently has three top regional tenants, large conference room, kitchen area, gas heat, great location with high traffic count in Southington.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,491 SF
Building Class
B
Year Built
1949
Price
$450,000
Price Per SF
$180.65
Cap Rate
6.67%
NOI
$30,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
830 SF
Building FAR
0.13
Lot Size
0.45 AC
Zoning
6
Parking
20 Spaces (8.03 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 of 1
PROPERTY TAXES
| Parcel Number | SOUT-000145-000000-000006 | Improvements Assessment | $82,890 |
| Land Assessment | $139,650 | Total Assessment | $222,540 |
