30 Country Squire Drive, Cromwell (North Cromwell), CT, 06416 | $1,500,000

30 Country Squire is a pristine, purpose-built medical office building located in the heart of Cromwell with immediate access to Routes 9, 91, 372 and 691. Built in 2009, this forward-thinking, architecturally modern building offers 11, 602 square feet across two levels. A thriving, long-term dental practice occupies the entire 5, 801 SF main floor, providing stability & peace of mind for the next owner. The lower level (5, 801 SF) is currently empty, presenting a rare opportunity for additional rental income, owner occupancy, or future expansion. Designed with patient experience at its core, the building features: A welcoming waiting area with fireplace. Island-style coffee station with refrigeration. All exam rooms positioned along the exterior walls, providing natural light & views. Interior core dedicated to staff and operational efficiency. The current Tenant lease commenced 2023, with annual rent increases, offering built-in income growth. This is an ideal acquisition for an investor or owner-user seeking a low-maintenance, high-quality asset with a strong medical tenant and long-term upside. Offered at $1, 500, 000, the pricing reflects a rare opportunity to acquire a premier medical building well below replacement cost. Looking for the investor: 1031 exchange buyers, Passive investors, Family offices, Medical professionals, Portfolio diversifiers, "This is a buy-right, hold-long asset! The return is not just in today's yield - it's in stability, growth, and upside. "

Features

  • Town: Cromwell
  • Current Use: Dental Office
  • Utilities: Electric,Gas,Telephone,Cable
  • Garage: Paved,Parking Lot,Off Street Parking
  • Parking: 33-car
  • Heating: Hot Air
  • Cooling: Central Air
  • Units: 2
  • Zoning: HB
  • Frontage: Municipal Street,Paved Road
  • Year Built: 2009
  • Approx Sq. Feet: 11,602
  • Acreage: 1.03
  • Est. Taxes: $39,552
  • Lot Desc: Corner Lot,Treed,Dry,Level Lot,Sloping Lot,Cleared
  • MLS#: 24150252
  • Website: https://www.raveis.com
    /raveis/24150252/30countrysquiredrive_cromwell_ct?source=qrflyer
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860.209.7044

Linda.OHara@Raveis.com

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Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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203.925.4590

For homebuyers and sellers, our Attorney Network:

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30 Country Squire Drive, Cromwell (North Cromwell), CT, 06416

$1,500,000

Linda O'Hara - Linda's Team

Luxury Properties Specialist

William Raveis Real Estate

Phone: 860.209.7044

Linda.OHara@Raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.973% 5.858% 5.681%
Monthly Tax Payment $3,296 $3,296 $3,296
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,442 $7,003 $9,805
Total Monthly Payment $9,863 $10,424 $13,226

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.