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Daniel Lussier

daniel@lussierrealestate.com +1(203) 494-1082

$ 1,300,000

Est. payment | -/mo

5 Baths

11,602 SqFt

Save

$ 1,300,000

Est. payment | -/mo

Save

5 Baths

11,602 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,602 sqft

Price per Sqft $112

MLS Listing ID 24187705

Full Baths 5

Year Built 2009

Annual Tax Amount $39,552

Lot Size 1.030 Acres

Property 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

Location

State CT

County Middlesex

Zoning HB

Interior

Interior Features Employee Lounge, Fire Suppression System, Handicap Design, Public Restrooms, Security System, Window Display

Heating Hot Air

Cooling Central Air

Flooring Concrete, Tile, Wall-to-Wall Carpet

Exterior

Exterior Feature Gutters, Pole Sign, Door Sign, Underground Sprinkler

Parking Features Paved, Parking Lot, Off Street Parking

Utilities Available Electric, Gas, Telephone, Cable

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, Treed, Dry, Level Lot, Sloping Lot, Cleared

Story 2

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Listed by Linda O'Hara • William Raveis Real Estate

Nearby Locations

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30 Country Squire Drive Cromwell, CT 06416