122 R Naubuc Ave, Glastonbury, CT, 06033

122 R Naubuc Ave Glastonbury, CT 06033

122 R Naubuc Ave, Glastonbury, CT, 06033
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122 R Naubuc Ave, Glastonbury, CT, 06033 122 R Naubuc Ave, Glastonbury, CT, 06033
FOR SALE
Property Type:
Factory
Amount:
Please Call Broker for Price

Last Verified:
May 09, 2024

Highlights

  • 58,216 SF historic building with significant investment potential
  • 5 units offering flexibility and diverse usage options
  • Built in 1863, combining rich history with modern opportunity
  • Zoned PL, providing a wide range of permissible uses
  • Prime location in the Hartford area, a hub for industrial/manufacturing activities
  • Currently at 24% occupancy, ripe for expansion and improvement
  • Ample space for industrial/manufacturing operations and expansion
  • Strong infrastructure and utilities to support industrial/manufacturing needs
  • Potential for repositioning and value enhancement through strategic renovations
  • Access to major transportation routes for streamlined distribution and logistics

Description

This iconic 58,216 SF historic building, built in 1863, offers 5 units with diverse usage options, ideal for industrial and manufacturing activities. Zoned PL and currently at 24% occupancy, it presents significant investment potential. Boasting strong infrastructure, utilities, and access to major transportation routes, it's perfectly positioned to support industrial and manufacturing needs.

A GREAT opportunity for a Multi-Family Conversion

Just outside of Hartford, the area surrounding the property offers a strategic location for industrial and manufacturing investors. This prime location provides seamless connectivity to key transportation routes for streamlined operational efficiency. Situated near major highways, including Route 2, Route 3, and Interstate -91, and with a skilled workforce, it's an ideal spot for growth. Nearby attractions like the Connecticut Science Center, Bushnell Park, and the Wadsworth Atheneum Museum of Art provide recreational and cultural opportunities. The region also boasts a strong network of suppliers and industry partners, making it an advantageous location for businesses making it an enticing prospect for investors seeking a strategic foothold in this thriving market.


Year Built: 1863
Building Size: 58216sq ft
Lot Size: 1.4 acres


Documents

122 R Naubuc Ave Brochure
Floor Plans

Map of 122 R Naubuc Ave, Glastonbury, CT, 06033

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.