2191 Boston Tpke - Storefront Retail/Residential FOR SALE


Coventry, CT 06238- Andover/Coventry
$295,000 USD
561-262-8243
2191 Boston Tpke, Coventry, CT for Sale
$295,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

2191 Boston Tpke
Coventry, CT 06238
Andover/Coventry


HIGHLIGHTS

  • High Traffic Count 4 Way Intersection
  • Across the Street from the New Cumberland Farms
  • Town Completed Back Street Entrance
  • Adjacent land (next to traffic light) is now a water catch basin
  • Convert to Historic & File for Tax Credits or Tear Down

OVERVIEW

The existing residential structure was built in 1890 & could be converted to historic for tax credit$$$. This old house may be the perfect size for an attorney's office, veterinarian, doctors office, pet boarding or rent out this single family home. Cumberland Farms does NOT have a use restriction on this property. Keep the old house or convert to prime commercial on 0.82 acres. Tear it down & build a Starbucks, Dunkin, Chic-Fil-A, Subway, Taco Bell, Taco Johns, Tropical Smoothie, Jiffy Lube, Auto Parts Store, etc. The town has completed the second entrance off Swamp Rd and the land adjacent to the street light is now a catch water basin (see Google Maps). We sold the property across the street to Cumberland Farms in 2019 for $850,000. Cumberland's parcel is 2.53 acres total and ~1.32 acres is wetlands. This works out to a sale price (2019) of $702,479 per buildable acre. 2191 Boston Tpnk is 0.82 Acres x $702,479 = $576,032 and you can buy it for $295K! This property was under contract to a Dunkin Donuts franchise owner who used us leverage to renegotiate a lease with his current landlord.

FOR SALE DETAILS

PRICE

$295,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Auto Repair, Fast Food, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-2

APN/PARCEL ID

COVE-000009-000010-000013

ASK ABOUT THIS PROPERTY

Kevin DickensonBerkshire Hathaway Florida RealtyMore Info
561-262-8243

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Kevin DickensonBerkshire Hathaway Florida RealtyMore Info
561-262-8243

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