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276 Main St

4,264 SF Office Building Farmington, CT 06032 $700,000 ($164/SF) 7.18% Cap Rate

Executive Summary

Blue Key Property Group LLC is pleased to present an exceptional owner occupied investment opportunity in the heart of Farmington, CT an area known for its business-friendly atmosphere and strong economic growth. This fully remodeled, modern office building offers unmatched flexibility and potential, featuring four separate commercial spaces, each with its own private entrance. This unique configuration makes it ideal for owner-users looking to establish a presence or investors seeking a valuable, income-generating asset.
The property is strategically located in a high-traffic area with a daily count of 12,000 cars, ensuring unparalleled visibility and exposure for businesses. Its prime location enhances accessibility, making it an attractive choice for businesses across various industries. Additionally, the building is equipped with a cutting-edge smart video security system, providing both tenants and owners with peace of mind and a secure, technologically advanced work environment.
This opportunity is further amplified by its presence in a highly desirable location, 12,000 cars passing daily surrounded by a robust mix of retail, dining, and service amenities, contributing to its appeal for both local and regional businesses. With everything it offers, this property is not just an office space it's a strategic platform for growth, ideal for enterprises seeking a competitive edge and maximum market presence in a thriving commercial hub.
As a bonus the space has been renovated and approved for a Medical Spa business.

Attachments

276 Main St Offering Memorandum
276 Main St. Income and Expense

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,264 SF
Building Class
C
Year Built
1965
Price
$700,000
Price Per SF
$164
Cap Rate
7.18%
NOI
$50,250
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,132 SF
Building FAR
0.26
Lot Size
0.37 AC
Zoning
Commercial
Parking
19 Spaces (4.46 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Listing ID: 33543530

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 276 Main St, Farmington, CT 06032

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