1283 Boston Post Rd - Storefront Retail/Residential FOR SALE


Westbrook, CT 06498
$1,325,000 USD
203-530-5558
1283 Boston Post Rd, Westbrook, CT for Sale
$1,325,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 8.11% Cap Rate

1283 Boston Post Rd
Westbrook, CT 06498


OVERVIEW

1283 Boston Post Road consists of a 7,375 SF mixed-use building with a second-floor residential unit sited on .16 acres. Constructed in 1925 and has undergone renovations including a new roof in 2023. Unique opportunity to acquire this fully leased, well maintained, multi-tenanted building in an excellent Route 1 location. High Visibility Location Substantial Annual Increases NOI: 107,510 CAP Rate: 8% Long Term Leases Building: 7,375 SF Year Built: 1925 Lot Size: .16 Acres Zone: CTC New Roof—2023

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

8.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boston Post Road Mixed Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CTC

APN/PARCEL ID

WBRO-000177-000000-000150

ASK ABOUT THIS PROPERTY

Stephen Press, SIORPress/Cuozzo Commercial Realtors, Inc.More Info
203-530-5558

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Stephen Press, SIORPress/Cuozzo Commercial Realtors, Inc.More Info
203-530-5558

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