Lakeside Property - Ideal for Student Housing or Motel
Retail-Commercial
for Sale
| Catylist Listing ID: |
30286602 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
11,688 SF
|
| Gross Land Area: |
1.53 - 3.21 Acres
|
| Sale Price: |
$1,550,000 |
| Unit Price: |
$132.61 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Usable Size (USF): |
11,688 SF |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/17/2020 |
Overview / Comments
|
11,688 SF building is located on Wangumbaug Lake. Ideal for student housing or motel. It has city water and sewer. Additional 1.68 acres available across the street. Sits on 1.53 Acres. Expandable to 3 stories or 35,000 SF. Just off of Main St. Heating: Oil. Village Gateway Zone. Abuts popular Coventry Lakeview Restaurant. Traffic Count: 3,900. Also for lease: $10/SF + $19,000/Yr expenses.
|
Additional Details
| Nearest MSA: |
Hartford-West Hartford-East Hartford |
| County: |
Tolland |
| Tax ID/APN: |
00L-0035-0003 |
| Zoning: |
VG - VILLAGE GATEWAY |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: |
Main St and Wangumbaug Lake |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Main St. |
| Traffic/Vehicle Count: |
3,900 |
| Site Description: |
Building abutting a restaurant called Coventry Lakeview Restaurant. Views of and frontage on Wamgumbaug Lake. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Parking Type: |
Surface |
| Heat Type: |
Oil |
| Heat Source: |
Baseboard |
| Water Service: |
Well |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,657 |
23,917 |
52,725 |
| Median Age: |
41.23 |
28.39 |
32.46 |
| Households: |
1,075 |
4,426 |
14,449 |
|
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