Potential Hotel / Motel on Wangumbaug Lake

Retail-Commercial for Lease
Catylist Listing ID: 30571789
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Contiguous Space: 11,688 SF
Building Size (RSF): 11,688 SF
Gross Land Area: 1.53 Acres
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $9,740
Lease Types: Modified Gross
Usable Size (USF): 11,688 SF
Last Updated: 11/24/2020

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. Abuts popular Coventry Lakeview Restaurant. Traffic Count: 3,900. Also for sale: $1,550,000. Plus $19,000/year expenses.

Attachments & Media

Expand All Available Space

Suite: 1 11,688 SF $10 PSF (Annual) Modified Gross
Space Available: 11,688 SF
Lease Rate: $10 PSF (Annual)
$9,740 (Monthly)
Lease Type: Modified Gross
Date Available: 3/2/2020
Space Type: Relet
Sublease Expiration Date: 2/18/2021
Parking Spaces 50
Tax Expenses $10,800 PSF (Annual)
Rent Escalators Other

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Tolland
Tax ID/APN: 00L-0035-0003
Zoning: VILLAGE GATEWAY

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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

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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