318 Main St - Medical FOR SALE


Berlin, CT 06037
$850,000 USD
475-234-3666
318 Main St, Berlin, CT for Sale
$850,000 USD
Medical - FOR SALE
1/49
null | Request Cap Rate

318 Main St
Berlin, CT 06037


HIGHLIGHTS

  • Adaptable 11,679-square-foot commercial facility with flexibility for owner-users, investors, or multi-tenant strategies.
  • Existing office build-out supports medical suites, professional offices, retail concepts, or creative studio uses.
  • CCD-2 zoning allows a broad range of commercial uses, creating long-term flexibility for changing demand.
  • Three-level layout with multiple entrances, loading dock, break room, and 8 lavatories supports diverse operations.
  • Main Street location in Kensington Village delivers visibility, accessibility, and proximity to daily consumer traffic.
  • Supply-constrained market with 1.3% vacancy, no new construction, and steady rent growth supports future occupancy.

OVERVIEW

318 Main Street presents an opportunity to acquire an adaptable commercial facility in the heart of Kensington Village, offering the flexibility to serve as an owner-occupied headquarters, a multi-tenant investment, or a combination of both. Positioned within Berlin’s CCD-2 zoning district, the property supports a broad range of commercial uses beyond traditional office occupancy, creating optionality for investors and owner/users seeking a property that can evolve with changing business needs. Potential uses include individual medical office suites, retail shop businesses, art and dance studios, health and fitness facilities, and numerous other commercial applications, subject to applicable municipal approvals and zoning requirements. The 11,679-square-foot building spans three levels and is currently configured with a mix of private offices, conference rooms, and collaborative work areas. This existing build-out provides a practical foundation for a variety of occupancy strategies, whether accommodating a single user, multiple medical or professional office suites, or a division into three separate units. Eight lavatories, a break room, a loading dock, multiple entrances, and the expansive interior layout support operational flexibility while reducing the time and expense often associated with reconfiguring commercial space for new users. Located along Main Street in the center of Kensington Village, 318 Main Street benefits from a visible, established commercial setting with convenient access to Highways 5 and 9 and direct connections to Interstates 91 and 84. Just off the Farmington Avenue retail corridor, the property is surrounded by everyday conveniences and national retailers including Chipotle, Jersey Mike’s Subs, Dunkin’, Walgreens, and Stop & Shop. The surrounding market fundamentals further support future occupancy potential, with office vacancy of just 1.3%, no new office space currently under construction, and five-year average annual rent growth of 3.5%. Supported by a 3-mile trade area of more than 55,000 residents with an average household income exceeding $93,000 and over $1.75 billion in annual consumer spending, 318 Main Street offers a versatile commercial asset positioned to benefit from both local demand and long-term flexibility. Its adaptable layout, broad range of potential uses, and central Kensington location create a foundation for multiple ownership and occupancy strategies within a supply-constrained market.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Bank, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CCD-2

APN/PARCEL ID

BERL-000091-000049-000007

ASK ABOUT THIS PROPERTY

Jordan OstrofskyLPT RealtyMore Info
475-234-3666

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Jordan OstrofskyLPT RealtyMore Info
475-234-3666

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