Durham, CT 06422,16 Commerce Circle

$1,150,000

$1,200,000

4.2%
Est.Price: ?

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Est. payment /mo

15,500 SqFt


SOLD DATE : 05/19/2022

Key Details

Sold Price $1,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 15,500 sqft

Price per Sqft $74

MLS Listing ID 170440046

Sold Date 05/19/22

Year Built 1989

Annual Tax Amount $18,303

Lot Size 2.530 Acres

Property Description

***Fully Leased*** 8.5% Cap Rate. Harding Commercial Real Estate is proud to bring this industrial property in beautiful Durham, Connecticut to market. The property consists of two separate buildings on a 2.53 acre parcel in a zone that allows for most any industrial or commercial use. The property owners built the two structures themselves and have operated their construction business out of a portion of the property since then. Their extreme care and pride in ownership is apparent in all aspects of the property. Building one is 7,500sf and is located at mailing address 16 Commerce Circle. The building is fully leased currently providing immediate income to a new owner. Building two is 8,000sf and is located at mailing address 36 Commerce Circle. This building is fully leased as well. The surrounding area is filled with scenic nature views despite being easily accessed via Interstate 91. The property is also in very close proximity to the expansive beauty of Lyman Orchards' Golf Courses, Apple Orchard & Farm Store.

Location

State CT

County Middlesex

Zoning HID

Interior

Heating Baseboard, Other

Cooling Ductless

Exterior

Garage None

Utilities Available Electric

Roof Type Tar/Gravel

Building

Lot Description Corner Lot

Sewer Septic

Water Private Well

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Listed by Brendan Kelly • Harding Commercial Real Estate
Bought with Brendan Kelly • Harding Commercial Real Estate

GET MORE INFORMATION

Osi Rosenberg

Broker | REB.0791464

+1(203) 738-5999

2051 Main St, Stratford, CT, 06615

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