Fully Leased Retail building. Potential for new owner to occupy 50% of the property in a restaurant space, however current Tenant has several years left on their lease and will stay. Currently an 8 Cap at market price. Great property for an investor dipping their toes into commercial real estate investment, a Triple Net Lease reduces on site property management hours. Established Tenants with thriving business offer peace of mind and solid lease terms.
Upside benefits include redevelopment or potential expansion.
The B-4 zone allows for accessory apartments, diverse business and professional offices, retail establishments of all sizes, plus specialized uses including daycare centers, veterinary hospitals, and farm stands. Perfect for mixed-use development or multi-income strategies - combine residential rental income with thriving commercial ventures in one of Connecticut's most business-friendly zones.