3 Essex Sq - Office/Residential FOR SALE


Essex, CT 06426
$895,000 USD
860-227-3191
3 Essex Sq, Essex, CT for Sale
$895,000 USD
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

3 Essex Sq
Essex, CT 06426


OVERVIEW

An iconic Essex village property for sale at the head of Main Street! Investors and project enthusiasts take note! Potential here to create your own custom Essex village pied-a-terre with an income-producing component, or to convert this current office building into your full-time Essex home. Solid and well maintained, the building is currently divided into two condominium units. Unit 'A' consists of 1,200 square feet of first floor space. Unit 'B' comprises 1,977 square feet on the second and third levels. Features include first class mechanical systems, a kitchen, and a spacious second level room overlooking Main and Pratt Street, with peek-a-boo views of the CT river. The location is spectacular. Set on a gentle rise at the top of Main Street you have both a commanding presence and commanding views of the heart of the village. Adjacent to shops, restaurants, yacht clubs, marinas, galleries, and all of the historic maritime charm Essex is so well known for. There is a private yard accessed directly from the third level or via an exterior staircase from the parking area. It may be possible to restore the former residential use of the second and third levels to create a mixed use property combining a residence upstairs and office/retail space on the ground floor. Whatever your use, this is an opportunity to own a substantial piece of the pie in a world renowned waterfront village!

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1

APN/PARCEL ID

ESSE-000031-000000-000028-A000000

ASK ABOUT THIS PROPERTY

Rick WeinerWilliam Pitt Sotheby's International RealtyMore Info
860-227-3191

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Rick WeinerWilliam Pitt Sotheby's International RealtyMore Info
860-227-3191

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