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$ 395,000
Est. payment /mo
Active
75 Berlin Road #STE 101 Cromwell, CT 06416
2,253 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,253 sqft
Price per Sqft $175
MLS Listing ID 24147980
HOA Fees $837/mo
Year Built 1987
Annual Tax Amount $3,892
Property Description
Sellers are motivated and looking for offers! This meticulously maintained office unit is located in the highly sought-after Cromwell Executive Center Plaza, a prime business hub with very limited vacancy. The plaza is home to a mix of well-established businesses, including medical and dental professionals, creating a strong professional environment. Key Features: High Traffic Exposure; Approximately 555 feet of frontage on Route 372 (Berlin Road), a busy two-lane road on both sides, offering excellent visibility and high vehicle traffic. Convenient Location: Just half a mile from both I-91 and Route 9, ensuring easy access for employees, clients, and visitors. The space is also surrounded by large retailers, national hotel chains, and is a short drive from downtown Cromwell. Whether you're seeking a space for your own business or a high-performing investment, this unit delivers. Comparable units in the building have secured long-term tenants under 30-year absolute NNN leases, generating cap rates of 12% or higher. With minimal landlord responsibilities and strong income potential, this is a rare opportunity to own in a proven, income-producing property.
Location
State CT
County Middlesex
Zoning HB
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle
Building
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Ross Wilcox • Berkshire Hathaway NE Prop.
Debbie Huscher
Agent, Team Leader, Senior Real Estate Specialist | License ID: RES 0766293