160 Oak St - Office CONDO FOR SALE


Glastonbury, CT 06033- Outer Glastonbury/Marlborough
$165,000 USD
860-983-3158
160 Oak St, Glastonbury, CT for Sale
$165,000 USD
Office CONDO - FOR SALE
1/21
null | 7.22% Cap Rate


OVERVIEW

Excellent investment opportunity in Glastonbury. 160 Oak Street, Unit 1H is a commercial condo occupied by a long-term driving school tenant, making it an attractive option for an investor seeking steady income, minimal day-to-day management, and a relatively low price point for entry into commercial investment ownership. The property generates $11,914 net income, with the tenant paying all utilities and covering the first $1,000 in repairs. The owner is responsible for taxes, insurance, and monthly association charge of $234.94, which include water, sewer, and restrooms. Strong tenant, long-term lease, dependable income, and an accessible entry price make this a solid addition to an investment portfolio.

FOR SALE DETAILS

PRICE

$165,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7.22%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building #1

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

7,406 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

PI

APN/PARCEL ID

GLAS-000006E-004880-C000006

ASK ABOUT THIS PROPERTY

Mike RethisColdwell Banker RealtyMore Info
860-983-3158

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Mike RethisColdwell Banker RealtyMore Info
860-983-3158

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