Price Reduced 1.92%

$2,550,000

Est. Mortgage $12,395/mo *

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Price History

$2,600,000
6/11/2024

$2,550,000
7/23/2024

0 beds

2 Half baths

1940

14,478 sqft

Incredible investment opportunity with this 14,478 sqft retail building located on a 1.03 acre lot in the heart of Downtown Southington on the bustling Main St (Route 10), with a Webster Bank Anchor Tenant alongside its newly installed three lane drive-through service. The property is fully leased and features multiple units in the inviting lower level, beautifully renovated with new flooring, trim, lighting and paint and two large suites on the second floor, accessible by an ADA compliant elevator or main lobby stairs. The second floor contains a thriving ECommerce Company and is also home to a prestigious Wellness business with eight private session rooms, with the whole floor highlighted by custom handcrafted woodwork and featuring a built-in aquarium with exotic fish. A perfect addition to your investment portfolio, with NNN leases providing bare minimum landlord responsibilities, start cash flowing from day one! Value add opportunities include developing the 0.65 acres in the back part of the lot (one of the largest parcels in Downtown Southington, Zoning: CB) ideal location for cell tower, and converting remaining leases to triple net. Don't miss this opportunity to own a piece of the rapidly expanding Downtown Southington! *Owner is a CT Real Estate Broker Licensee

Status:

Active

Type:

Commercial

Zoning:

CB

Frontage:

State Road

Heating:

Hot Air

Cooling:

Central Air

Est. Taxes:

$21,640

Assessment

$688,280

Utilities

Gas

Lot Description:

Level Lot,Cleared

Days on Market:

99

MLS #:

24024885

Community Info

School Info

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Listing courtesy of Zach Pranger, Group Realty LLC Email: zachary@eastcoastgrouprealty.com