59 Whiting St - Storefront Retail/Office FOR SALE


Plainville, CT 06062
$1,650,000 USD
203-980-6412
59 Whiting St, Plainville, CT for Sale
$1,650,000 USD
Storefront Retail/Office - FOR SALE
1/145
null | 6.3% Cap Rate

59 Whiting St
Plainville, CT 06062


HIGHLIGHTS

  • Townhouse-style residential units (2 bed / 2.5 bath)
  • Diversified commercial tenant mix
  • Strong location with access to I-84, Route 72 & Hartford MSA

OVERVIEW

Alpha Capital Realty is pleased to present 57–59 Whiting Street, a mixed-use investment opportunity located in the heart of Plainville, Connecticut. The asset consists of three separate buildings situated on approximately 0.71 acres, totaling eight units comprised of four residential townhomes and four commercial spaces. The property is offered at an asking price of $1,650,000 and features a strong in-place Net Operating Income of $103,239, with the ability to increase to approximately $129,138 through rent growth and operational improvements. The residential component includes four townhouse-style units, each offering two bedrooms and two-and-a-half bathrooms with modern finishes, hardwood flooring, and fully separate utilities and water metering. This structure significantly reduces landlord expense exposure and enhances operational efficiency. The commercial component consists of four service-oriented tenants, including a hair salon, office space, Pilates studio, and beauty studio. These tenants provide stable, diversified income supported by consistent local demand and foot traffic within a well-established commercial corridor. The asset benefits from its mixed-use composition, offering diversified income streams across both residential and commercial sectors while reducing reliance on any single tenant type. The presence of three independent buildings further enhances flexibility and reduces concentration risk. Strategically located along Whiting Street, the property is surrounded by dense residential neighborhoods and neighborhood-serving retail, supporting long-term tenant demand. The location provides convenient access to major roadways, including I-84 and Route 72, with proximity to Hartford, Farmington, and Bristol employment hubs. 57–59 Whiting Street presents a compelling opportunity for investors seeking a stabilized, income-producing mixed-use asset with strong fundamentals, low residential expense burden, and clear upside through rent growth, lease restructuring, and long-term repositioning. For additional information or to receive the Offering Memorandum, please see in the secure information section and request.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$801 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CC

APN/PARCEL ID

PLAI-000028-F000000-000007

ASK ABOUT THIS PROPERTY

Justin SudolAlpha Capital RealtyMore Info
203-980-6412

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Justin SudolAlpha Capital RealtyMore Info
203-980-6412

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