155 Oak Street
Office | 6,985 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a vacant office Property located at 155-157 Oak Street in Glastonbury, Connecticut (the “Property”). The Property is improved by a two-story office building with 5,492 square feet of rentable space in a 6,985 square foot freestanding building on a 19,602 square foot (0.45-acre) corner parcel of land. The Property offers 155 feet of frontage along Oak Street and 160 feet of frontage along Nutmeg Lane and is zoned PI (Planned Industrial). The Property is currently occupied by Bell Simons Companies and will be delivered vacant.
155-157 Oak Street is strategically located at the intersection of Oak Street and Nutmeg Lane, just seconds from New London Turnpike, the Glastonbury Expressway, and CT Route 2, which serve as the area’s primary commuter corridors. Positioned within the center of an established commercial district, the Property is surrounded by a mix of retailers, schools, warehouses, and light industrial facilities that generate consistent daily activity. The Property is also conveniently located near Main Street and Hebron Avenue, where a wide variety of retailers, restaurants, and service-oriented businesses are located. In addition, nearby apartment communities and established residential neighborhoods provide a built-in customer and workforce base. 155-157 Oak Street further benefits from strong regional accessibility, with convenient access to CT Route 3 and Interstates 91, 84, and 384, allowing for efficient connectivity to Downtown Hartford and throughout central Connecticut. Glastonbury, an affluent suburb located approximately six miles southeast of Downtown Hartford, enhances the Property’s appeal with its strong demographics and desirable community profile.
Investment highlights
THE ASSET: 155-157 Oak Street is improved by a two-story office building with that consists of 5,492 square feet of rentable space in a 6,985 square foot freestanding building on a 19,602 square foot (0.45-acre) corner parcel of land. The Property offers 155 feet of frontage along Oak Street and 160 feet of frontage along Nutmeg Lane and is zoned PI (Planned Industrial). The Property is currently occupied by Bell Simons Companies and will be delivered vacant.
ZONING: The Property is zoned PI (Planned Industrial). The Planned Industrial (PI) zone in Glastonbury is intended to support employment-generating uses such as light industrial, office, research, and distribution, while maintaining high-quality development standards and minimizing impacts on nearby residential and commercial areas. Please see the list of common allowed uses in the Planned Industrial (PI) Zone.
STRATEGIC LOCATION: The Property is located at the intersection of Oak Street and Nutmeg Lane in the center of a commercial district that is home to retailers, schools, warehouses and light industrial complexes. The Property is within 0.5 miles of Stop & Shop and CVS, and is convenient to grocers, retailers, restaurants, and The Shops at Sumerset Square in Downtown Glastonbury. 155-157 Oak Street is within a mile of several area schools and is seconds from New London Turnpike, Glastonbury Expressway and CT Route 2, the area’s primary commuter corridors. The Property is a short walk from the municipal bus line and is close to CT Route 3 and Interstates 91, 84 and 384, providing quick access to Downtown Hartford.
STRONG DEMOGRAPHICS: Over 38,800 people live within 3 miles of the Property with an average household income of $146,637. An impressive 127,900 people live within 5 miles of the Property with an average household income of $126,383. Additionally, there are more than 70,200 employees within 5 miles of the Property.
TRAFFIC COUNTS: More than 11,400 vehicles pass by the property each day along Oak Street. Additionally, more than 48,900 vehicles pass near the property along CT Route 2.
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