$200,000
( $48.31Per Sq Foot )
 $1,074 est/mo Sourced by Back At You

70 Heminway Park Rd , Watertown, CT 06795

Watertown, CT 06795

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Description

price listed is starting bid price on TenX, 11/18 70 Heminway Park Road presents investors with an easy transfer of an NNN-leased medical office. The single-story brick building was erected in 1955 and rings in at an impressive 4,140 square feet. Situated on a 0.31-acre lot the property comes equipped with 19 parking spaces perfect for employees and visitors alike. Recent renovations include a new HVAC, roof, front facade, and a reception and waiting area. 70 Heminway Park Road has been inhabited by St. Mary's Hospital for the past 13 years, which has meticulously maintained the asset. The tenant is on an NNN lease, creating a hands-off investment for ownership. St. Mary's Hospital pays for utilities, taxes, insurance, snowplowing, landscaping, trash, and HVAC maintenance. The Watertown, Connecticut, office market is a small yet substantial location for investors to enter. Total inventory is impressive at 220,000 square feet. Vacancy rates are low at a notable 2.8% vacancy, which is 2.8% lower than a year ago. Market rates for rent are on the rise as well as cap rates in this area. Watertown is a quaint town located just under an hour from the major metros of Hartford and New Haven. This locale is committed to bringing new businesses to the area as well as keeping existing businesses successful.

Details

MLS#24048642
Listing TypeFor Sale
StatusActive
Year1955
Days On Site17
Listing Provided ByRegions Real Estate Advisors | Michael Guidicelli

Features

SQ Feet4,140
ZoningBC
Acreage0.31

Market Activity 06795

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Learn More About This Property

Brittany Palmerino

Brittany Palmerino

Andrew Abu Inc

1001030 (508) 377-2104Contact Me Form Link
StateCT
CountyLitchfield
CityWatertown
Zip Code06795
AreaLitchfield
Listing VS Median (in 06795)
Price:
$200,000
low | high
Med:
$462,000
81% of Average
SqFt:
4,140
low | high
Med:
2,321
93.949275362319% of Average
$ / SqFt:
$48
low | high
Med:
$205
100% of Average
On Site:
17
low | high
Med:
56.500000
30.088495575221% of Average
Sourced by Back At You
Listing Updated: September 23, 2024 at 9:05:22 AM PDT