Retail building with 2 Units For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30172831
Property Subtypes: Free-Standing Building, Street Retail
Condo? Yes
Building Size (RSF): 1,134 SF
Gross Building Area: See Agent
Sale Price: $199,999
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/7/2019

Overview / Comments

Entire building for sale with 2 units: Unit A: 1,134 SF. Unit B: 1,080 SF. Heating: Gas / Central AC. Public Water & Septic. Frontage: 75 Ft. Taxes: $1,828. Traffic Count: 6,600 on Saybrook Rd (Rte 154), 1,800 on Candlewood Hill. Time still left on lease with good credit tenant, Higganum Physical Therapy and Shearmetrix Hair Salon. Owner has spent over $70K on renovations including a new roof and new parking lot. Site is a corner lot across from Higganum Village Green and also across from shopping plaza. Great exposure! Good value for cash flow.

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Middlesex
Tax ID/APN: 15 088
Is Condo?: Yes
Retail Clientele: General, Family, Business, Traveler, Recreation, Casino
Property Located Between: Route 81 & Route 154
Property Visibility: Excellent
Largest Nearby Street: Saybrook Rd. (Rte 154)
Feet of Frontage: 86
Traffic/Vehicle Count: 6,600
Highway Access: Route 9
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,214 SF
Property Condition: Excellent
Year Built: 2003
Year Renovated: 2017
Parking Type: Surface
Parking Description: 15 spaces
Heat Type: Oil
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Commercial
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,603 29,203
Median Age: 42.31 41.57
Households: 2,230 11,422


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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