3 Essex Sq - Office/Residential FOR SALE


Essex, CT 06426
$795,000 USD
860-227-3191
3 Essex Sq, Essex, CT for Sale
$795,000 USD
Office/Residential - FOR SALE
1/29
null | Request Cap Rate

3 Essex Sq
Essex, CT 06426


OVERVIEW

Newly APPROVED for mixed use. An iconic c.1900 Essex commercial property for sale at the head of Main Street. The building is currently divided into two condominium units. Unit 'A' consists of 1,484 sf of first floor built-out office space with one half-bath. Unit 'B' comprises the second and third levels with a total of 3,060 sf of built-out office space and two half baths. Features include first class mechanical systems, break rooms, and a spacious second level conference room overlooking Main and Pratt Streets, with views down both to the CT river. The location is spectacular. Set on a gentle rise at the top of Main Street you have both a commanding presence and commanding views of the heart of the village. There is a gracious terrace and yard at the rear of the property. Adjacent to shops, restaurants, yacht clubs, marinas, galleries, and all of the historic charm Essex is so well known for. There is a private yard accessed directly from the second level or via staircase from the parking area. Recently approved for residential mixed use, combining a residence on the second and third levels, and office/retail space on the ground floor, retail on the first floor, residential on the second floor and office on the third level, or one single-family residence. Whatever your use, this solid well-maintained property will allow you to own a substantial piece of the pie in world renowned Essex village!

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1

APN/PARCEL ID

ESSE-000031-000000-000028-A000000

ASK ABOUT THIS PROPERTY

Rick WeinerWilliam Pitt Sotheby's International RealtyMore Info
860-227-3191

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Rick WeinerWilliam Pitt Sotheby's International RealtyMore Info
860-227-3191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.