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171 Market Sq 12,251 SF 100% Leased Office Building Newington, CT 06111 $975,000 ($79.59/SF)
Investment Highlights
- Prime Investment Opportunity in Newington Center
- 12,251 +/- Sq Ft Multi-Tenant Building
- Many Area Amenities
- Recent Renovations
- Covered Parking Spaces and Ample Public Parking
- Elevator
Executive Summary
Introducing a prime investment opportunity in Newington, CT. This 12,251 SF office building, originally constructed in 1972 and meticulously renovated in 2024, offers modern amenities within a well-maintained structure. Zoned B-TC, this property presents versatile usage options for the discerning investor. Strategically positioned in the thriving Newington area, this building is an ideal choice for those seeking a solid investment within a dynamic commercial real estate market. Don't miss the chance to add this impressive property to your portfolio and capitalize on the potential it holds.
Newington has a vibrant walkable city center with ample entertainment, dinning, service & shopping options and free public parking. The area is mixed use with residential neighborhoods nearby.
Newington has a vibrant walkable city center with ample entertainment, dinning, service & shopping options and free public parking. The area is mixed use with residential neighborhoods nearby.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,251 SF
Building Class
C
Year Built/Renovated
1972/2000
Price
$975,000
Price Per SF
$79.59
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,126 SF
Building FAR
0.91
Lot Size
0.31 AC
Zoning
Business
Parking
35 Spaces (2.86 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Fully Carpeted
- Natural Light
- Air Conditioning
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | NEWI-000011-000338 | Improvements Assessment | $248,500 |
| Land Assessment | $66,500 | Total Assessment | $315,000 |
Property Taxes
Parcel Number
NEWI-000011-000338
Land Assessment
$66,500
Improvements Assessment
$248,500
Total Assessment
$315,000
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171 Market Sq
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