Shopping Cart

You have no items in your shopping cart.

Property Detail

Dow Road
Value-add medical and office asset perfect for savvy investors and owners/users .
$175,000

Description

  • Value-add medical and office asset perfect for savvy investors and owners/users looking for space while collecting incomes.
  •  
  • The building sits in a busy commercial corridor within the town of Plainfield.
  •  
  • Population within a 2-mile radius is on the rise and incomes within 10 miles ring in at $92,438 per year.
  • Perfectly located just off Interstate 395 and State Route 12 which is a major north/south connector for the area
  •  
  • Surrounded by businesses including Amazon, Lowe's, McDonald’s, CVS, Wendy’s, Dunkin’ and more.

Executive Summary

31 Dow Road is a mixed-use office and medical building perched in the middle of Plainfield, Connecticut. The property is 12,604 square feet spread across 2.70 acres. Built in 1990, the well-maintained asset has undergone renovations that enhance the property's value. 31 Dow Road is fixed with a modern vinyl-clad facade with monument signage identifying tenant and visitor parking. There is ample parking with 81 surface spaces.

31 Dow Road is an excellent investment for owners and users. The asset is currently 14% occupied with an established medical practice in place. The current occupant, a medical user, has impressive historic occupancy in the building. New ownership can lease out remaining space with synergistic tenants and retain more long-term occupancy. Alternatively, owners/users can utilize the space for their own business. Because of the high vacancy, the new owner can easily build out to their specifications without having to wait for tenant move-outs.

The Plainfield submarket is also an excellent place for business. The Plainfield Economic Development Commission strives to provide a climate for businesses to start, operate, and grow. Office properties have performed well in this area historically as well. This submarket is considered relatively affordable, allowing new businesses to come in with ease.

Plainfield is an excellent place for business due to its small-town charm and close-knit community. Located directly off Interstate 395 on Exit 28, the asset is easily reachable by tenants and visitors alike. The property is adjacent to Day Kimball Healthcare which is designed to offer a variety of medical services at one convenient location. There are several other medical offices within a quick drive from dentists to other specialists. Located in the northeast corner of Connecticut, Plainfield is filled with history and charm. Plainfield has a population of 14,991 and is situated in Windham County. Living in Plainfield offers residents a suburban feel with most residents owning their homes.

Value-Add Office

Listing ID : 00613

SKU: 613

Property Enquiry Form

Please fill the form below to know more about the property

Price History

DateEventPrice
December 4 2024Listed$175,000.00