201 Marlborough St - Office FOR SALE


Portland, CT 06480- East Hampton/Portland
$1,200,000 USD
225-288-4109
201 Marlborough St, Portland, CT for Sale
$1,200,000 USD
Office - FOR SALE
1/17
null | 6.9% Cap Rate

NEW


201 Marlborough St
Portland, CT 06480
East Hampton/Portland


OVERVIEW

Three-building mixed-use income property on high-traffic Route 66 in Portland's prime B-2 commercial corridor. Currently occupied by two national tenants - Subway Restaurant (197 Marlborough) and State Farm Insurance (201 Marlborough, ground floor) - plus a residential dwelling (189 Marlborough) . All active leases are gross with tenants paying their own utilities, delivering a clean, low-expense income stream. Current NOI: $82,757 | Cap Rate: 6.9% at ask. Preapproved strip mall on the land of 189. Potential for a second unit at 201

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

189-201 Marlborough St Portland CT

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

Commercial

APN/PARCEL ID

PORT-000020-000000-000196

ASK ABOUT THIS PROPERTY

Shay HugoOxford RealtyMore Info
225-288-4109

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Shay HugoOxford RealtyMore Info
225-288-4109

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