1173 Queen St - Freestanding FOR SALE


Southington, CT 06489- Southington/Berlin
$1,950,000 USD
203-391-6805
1173 Queen St, Southington, CT for Sale
$1,950,000 USD
Freestanding - FOR SALE
1/26
null | 10.79% Cap Rate

1173 Queen St
Southington, CT 06489
Southington/Berlin


OVERVIEW

The building consists of a 1969 built inline retail center with seven suites and two vacancies. The building consists of 13,718 square feet of leasable square footage and all the suites are built-out for intended uses. One of the suites is built-out with a turn-key restaurant delivery with equipment costing a total of $400,000. The restaurant build-out and equipment is available for purchase. The end-cap on the south side of the building is built to shell condition and is available for lease. Most of the tenants have been in the center for a period of years and plan to remain. The center is offered for lease or for sale as improved. Please call Kenneth Labbe/Pyramid Real Estate Management (PREM) - C860-891-8551 Desk - 203-391-6805 klabbe@pyramidregroup.com - Occupancy - Occupied - 67.20 %; Contract Vacant: 10.50 % - Occupied but not paying rent or CAM; Vacant:22.30%; Total Vacancy - 32.8%; Estimate of NOI "As Is" - $89,000; Estimate of NOI "As If" Stabilized - $206,000.Adjust 1 - Capital Expenditures - $tbd; Adjust 2 - Downtime from Lease-up - $tbd; Adjust 3 - Profit - $tbd.- Seller Estimate of Market Price; All reasonable offers welcome..

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

10.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Contingency ok to Convey-Timing and NOI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

B

APN/PARCEL ID

SOUT-000204-000000-000009

ASK ABOUT THIS PROPERTY

Kenneth LabbePyramid Real Estate GroupMore Info
203-391-6805

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Kenneth LabbePyramid Real Estate GroupMore Info
203-391-6805

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