1 W Main St - Storefront Retail/Office FOR SALE


Clinton, CT 06413
$1,999,999 USD
203-643-1033
1 W Main St, Clinton, CT for Sale
$1,999,999 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

1 W Main St
Clinton, CT 06413


HIGHLIGHTS

  • 12,399 SF Mixed-Use Investment Property
  • Restaurant Tenant & 2 Office Tenants
  • 2 Parcels: 0.20 Acre and 0.26 acre
  • Rear Parking Lot & Street Parking
  • 64.34% Occupied | Significant Upside for Lease-up

OVERVIEW

O,R&L Commercial is pleased to offer 1 West Main Street for Lease or Sale, a mixed-use building ideally situated in the center of historic Clinton, CT. The building is well maintained and offers flexible space configurations suitable for a variety of retail or office uses. Availability includes: 2,727 SF of first floor retail/office space, divisible to 2 suites of 1,423 SF and 1,304 SF. There is additionally 1,695 SF of Office space on the lower level for a total availability of 4,422 SF contiguous space. The property is positioned at a signalized intersection with excellent visibility and walkability in a high-traffic location with strong local demographics and seasonal tourism. A second parcel, included in the asset, provides off-street parking for both tenants and patrons. This property is also available for Sale offering stable in-place income with significant upside through lease-up of the remaining space. Currently 64.34% occupied, the asset features a well established tenant mix including the renowned local restaurant Nataz and professional office tenants. Call Listing Brokers for additional information. Investment Sale Price: $1,999,999 | Lease Rate: $15/SF NNN

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B-3

APN/PARCEL ID

CHES-000014-000000-000331,CLIN-000044-000031-000003

ASK ABOUT THIS PROPERTY

Frank HirdO, R & L CommercialMore Info
203-643-1033

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Frank HirdO, R & L CommercialMore Info
203-643-1033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.