Description
Rare opportunity to own professional property in this area and of this caliber. In the highly desirable Town Center of Glastonbury, directly on Naubuc Avenue and across from the Glastonbury Riverfront. Building can work for owner/user or investor/re-development with roughly $52,440 income annually in place. The pro-forma gross income for the property is $72,240 annually. The property has been approved from the town of Glastonbury to be converted into studio apartments. No architectural drawings for the units, but each studio would be sufficient with 400-500 sq ft per unit. The building total is 4,428 SF, in which 11 units are currently held.Building has flexibility to house most professional office tenants and is currently occupied by a financial planner, psychologist, and attorney. Was originally built as a popular local bank and has maintained most of the original character, including all of the original woodwork. The building has 20 private off street parking spaces. Recent zone change to Town Center Zone allows for a larger mix of usesLocated directly in between two of the towns busiest roads Main St and Glastonbury Blvd. Both roads boasting 13,000 ADT each and directly across from the popular destination spotThe Glastonbury Riverfront. This location has easy access to three of the main travel arteries in the areaRoute 2, Route 3 and Interstate 91, making regional travel throughout Hartford county easily accessible.
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0BEDS
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0.66ACRES
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0BATHS
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01/2 BATHS
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4,428SQFT
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$147$/SQFT
School Ratings & Info
Description
Rare opportunity to own professional property in this area and of this caliber. In the highly desirable Town Center of Glastonbury, directly on Naubuc Avenue and across from the Glastonbury Riverfront. Building can work for owner/user or investor/re-development with roughly $52,440 income annually in place. The pro-forma gross income for the property is $72,240 annually. The property has been approved from the town of Glastonbury to be converted into studio apartments. No architectural drawings for the units, but each studio would be sufficient with 400-500 sq ft per unit. The building total is 4,428 SF, in which 11 units are currently held.Building has flexibility to house most professional office tenants and is currently occupied by a financial planner, psychologist, and attorney. Was originally built as a popular local bank and has maintained most of the original character, including all of the original woodwork. The building has 20 private off street parking spaces. Recent zone change to Town Center Zone allows for a larger mix of usesLocated directly in between two of the towns busiest roads Main St and Glastonbury Blvd. Both roads boasting 13,000 ADT each and directly across from the popular destination spotThe Glastonbury Riverfront. This location has easy access to three of the main travel arteries in the areaRoute 2, Route 3 and Interstate 91, making regional travel throughout Hartford county easily accessible.
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