$1,150,000
$1,200,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brendan Kelly • Harding Commercial Real Estate
GET MORE INFORMATION
Broker | REB.0791464