485 Willard Ave - Medical FOR SALE


$1,150,000 USD
860-721-0033
485 Willard Ave, Newington, CT for Sale
$1,150,000 USD
Medical - FOR SALE
1/3
null | 10.19% Cap Rate


OVERVIEW

O,R&L Commercial presents a lucrative investment opportunity at 485 Willard Avenue with this 4,500± SF 1-story retail/medical condo in Newington, CT. Boasting a 10.19% CAP rate and $117,154 NOI, this property offers a steady income stream. The building, constructed in 2009, is leased to Total Vision through 10/31/2029, ensuring a stable tenancy. With excellent visibility on Alumni Rd and Willard Avenue, 50± parking spaces, and easy access to I-84 and Route 9, this property is strategically located for maximum exposure. Featuring three individual 1,450± SF condos, this space is versatile and suitable for a range of businesses. Mechanical features like 100% AC and natural gas heating enhance tenant satisfaction. Moreover, being in a highly trafficked area with 15,000± ADT, this property is primed for success. Don't miss out on this prime investment opportunity at 485 Willard Avenue - a property that perfectly combines location, stability, and potential for growth.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

10.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 3

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

CD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jay MorrisO,R&L CommercialMore Info
860-721-0033

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Jay MorrisO,R&L CommercialMore Info
860-721-0033

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