1068 Hartford TpkeWaterford, CT 06385

Property Details for 1068 Hartford Tpke

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.57 AC

Property size (Sq ft)

20,950 SF

Zone code

IP-3

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WFRD M:49 L:3289

APU

WFRDM49L3289

Description

This exceptional 1,000 square foot creative office space is situated at 1068 Hartford Turnpike in Waterford, Connecticut, zip code 06385. The property is part of a larger single-story building totaling 20,950 square feet, constructed in 1984 and classified as Class C. The building sits on a 2.57-acre lot and features a convenient 30-space parking lot. This particular unit is located on the first floor and offers a layout including four individual offices, plus a shared reception/lobby area. The space is currently vacant and ready for immediate occupancy. Utilities are not included in the monthly rent of $1,006. The building is equipped with central air conditioning and electric heat. Water is provided by a public water supply, while a septic system handles waste disposal. The property is zoned PI-3 and is conveniently located just off I-395 on Route 85 in New London County. No elevators are present in the single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,091,582

  6.5%

  $4,699,921

  7%

  $4,364,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,898,064

  Geo Method

  $6,898,064

• Alternative Use

  Use

  Valuation

  Residential

  $3,964,560

  Hospitality

  $3,631,515

  Educational

  $3,021,378

  Medical

  $3,125,288

  Retail

  $4,699,921

Location Insight

City

Waterford

County

New London

State

Connecticut

Latitude

41.3976

Longitude

-72.1716

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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