7,373 SF Retail Building on Route 1

Retail-Commercial for Sale
Catylist Listing ID: 30433203
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 7,372 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $156 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/24/2020

Overview / Comments

This 7,372 SF former restaurant building sits on 4.27 acres. It is on Route 1 and is next to many marinas. Large deck on top for outside dining and amazing views of the marshes. Gas heat. Central air conditioning. Public Water & Septic. Frontage: 500 Ft. Zone: CB - Commercial Boating District. Taxes: $13,113. Traffic Count: 11,000.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Middlesex
Tax ID/APN: 188-18
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: 4 marinas
Property Visibility: Excellent
Feet of Frontage: 500
Traffic/Vehicle Count: 11,000
Highway Access: I-95
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Parking Type: Surface
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: CB - Commercial Boating District
In Flood Plain?: Yes
Lot Frontage: 500
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,325 16,292 32,014
Median Age: 51.23 45.64 46.34
Households: 1,083 6,604 13,072

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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