Exceptional investment opportunity !
| Website: | https://www.nestseekers.com/5598225 |
|---|---|
| Address: | 30 Country Squire Cromwell, CT 06416 |
| Ownership: | Commercial |
|---|---|
| Type: | Commercial |
| Bathrooms: | 5 |
| Area: | 11602 sq ft |
Financials
Price:$1,300,000
Annual Taxes:$39,552
Description
Exceptional investment opportunity! This purpose-built, Class A medical office building has been repositioned at a new price of $1,300,000, creating an outstanding value well below replacement cost.Located in the heart of Cromwell with immediate access to Routes 9, I-91, Route 372, and I-691, this architecturally designed 11,602-square-foot medical building was constructed in 2009 with efficiency, patient comfort, and long-term functionality in mind. A successful, long-term dental practice occupies the entire 5,801-square-foot main level under a lease that began in 2023 and includes annual rental increases, providing dependable income and built-in growth. The additional 5,801-square-foot lower level is open, creating tremendous upside for an owner-user, additional medical tenant, or future rental income. Designed specifically for medical professionals, the building features a welcoming reception area with a fireplace, an island-style coffee station with refrigeration, abundant natural light throughout patient treatment areas, and an efficient interior layout dedicated to staff operations. Whether you're completing a 1031 Exchange, expanding your investment portfolio, seeking a stable passive income property, or looking for a premier location for your own medical practice, this property offers flexibility, quality, and long-term value. With a strong in-place tenant, immediate upside through the lower level, annual rent escalations, and a dramatic $200,000 price reducti
Amenities
- 60" Turning Radius
- Accessible Bath
- Appliances are Low/Secure
- Bath Grab Bars
- Central Air
- Door Sign
- Elementary School -
- Employee Lounge
- Fire Suppression System
- Gutters
- Hallways 36+ Inches Wide
- Handicap Design
- Handicap Parking
- High School -
- Intermediate School -
- Lever Faucets
- Pole Sign
- Public Restrooms
- Security System
- Underground Sprinkler
- Window Display
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Linda O'Hara of William Raveis Real Estate | |