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171 Market Sq 12,251 SF 100% Leased Office Building Newington, CT 06111 $1,361,022 CAD ($111.09 CAD/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
$1,361,022 CAD
Price Per SF
$111.09 CAD
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
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | NEWI-000011-000338 | Improvements Assessment | $350,412 CAD |
| Land Assessment | $93,772 CAD | Total Assessment | $444,185 CAD |
PROPERTY TAXES
Parcel Number
NEWI-000011-000338
Land Assessment
$93,772 CAD
Improvements Assessment
$350,412 CAD
Total Assessment
$444,185 CAD
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171 Market Sq
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