Watertown CT Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- 4,140
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Year built:
- 1955
- Baths:
- MLS#:
- 24048642
- Subdivision:
- Taft School
ADDITIONAL INFORMATION
70 Heminway Park Road presents investors with an easy transfer of an NNN-leased medical office. The single-story brick building was erected in 1955 and rings in at an impressive 4,140 square feet. Situated on a 0.31-acre lot the property comes equipped with 19 parking spaces perfect for employees and visitors alike. Recent renovations include a new HVAC, roof, front facade, and a reception and waiting area. 70 Heminway Park Road has been inhabited by St. Mary's Hospital for the past 13 years, which has meticulously maintained the asset. The tenant is on an NNN lease, creating a hands-off investment for ownership. St. Mary's Hospital pays for utilities, taxes, insurance, snowplowing, landscaping, trash, and HVAC maintenance. The Watertown, Connecticut, office market is a small yet substantial location for investors to enter. Total inventory is impressive at 220,000 square feet. Vacancy rates are low at a notable 2.8% vacancy, which is 2.8% lower than a year ago. Market rates for rent are on the rise as well as cap rates in this area. Watertown is a quaint town located just under an hour from the major metros of Hartford and New Haven. This locale is committed to bringing new businesses to the area as well as keeping existing businesses successful.
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Watertown Real Estate
The median home value in Watertown, CT is $316,400. This is lower than the county median home value of $345,200. The national median home value is $338,100. The average price of homes sold in Watertown, CT is $316,400. Approximately 75.62% of Watertown homes are owned, compared to 19.48% rented, while 4.9% are vacant. Watertown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Watertown real estate agent to arrange a tour today!
Watertown, Connecticut 06795 has a population of 22,110. Watertown 06795 is more family-centric than the surrounding county with 27.93% of the households containing married families with children. The county average for households married with children is 26.17%.
The median household income in Watertown, Connecticut 06795 is $81,357. The median household income for the surrounding county is $84,797 compared to the national median of $69,021. The median age of people living in Watertown 06795 is 46.5 years.
Watertown Weather
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 51.9 inches per year, with 40.3 inches of snow per year.