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Investment Highlights
- Corner parcel location provides strong street visibility.
- Diversified tenant mix supports multiple income sources.
- Convenient access to Route 7, Route 107, and the Merritt Parkway.
Executive Summary
12 Old Mill Road presents a fully leased mixed-use investment opportunity in the Georgetown section of Redding, Connecticut. Located on a prominent 0.57-acre corner parcel, the property consists of a well-maintained building occupied by a diverse tenant roster that includes restaurant, retail, wellness, fitness, office, and educational uses. The property's 100% occupancy and scheduled tenant rent increases provide investors with in-place income and a diversified revenue stream.
Originally constructed in 1937, the building has been maintained while preserving its traditional New England character. Features include attractive storefronts, multiple private entrances, abundant natural light, outdoor patio seating, and ample on-site parking. The combination of varied tenancy and established occupancy supports stable operations while reducing reliance on any single business sector.
The property benefits from excellent regional accessibility with convenient connections to Route 7, Route 107, and the Merritt Parkway. Georgetown remains one of Fairfield County's recognized historic commercial districts, providing a blend of local commerce, community activity, and limited inventory characteristics that have supported long-term demand. Its location also offers connectivity to the broader Fairfield County and Westchester County markets, expanding its appeal to both tenants and consumers.
This offering is well suited for investors seeking a stabilized income-producing asset with established occupancy, diversified tenancy, and a location within a longstanding commercial corridor.
Originally constructed in 1937, the building has been maintained while preserving its traditional New England character. Features include attractive storefronts, multiple private entrances, abundant natural light, outdoor patio seating, and ample on-site parking. The combination of varied tenancy and established occupancy supports stable operations while reducing reliance on any single business sector.
The property benefits from excellent regional accessibility with convenient connections to Route 7, Route 107, and the Merritt Parkway. Georgetown remains one of Fairfield County's recognized historic commercial districts, providing a blend of local commerce, community activity, and limited inventory characteristics that have supported long-term demand. Its location also offers connectivity to the broader Fairfield County and Westchester County markets, expanding its appeal to both tenants and consumers.
This offering is well suited for investors seeking a stabilized income-producing asset with established occupancy, diversified tenancy, and a location within a longstanding commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,150 SF
Building Class
B
Year Built/Renovated
1937/1985
Price
$1,695,000
Price Per SF
$275.61
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.56 AC
Zoning
Bus. Ctr - Business Center
Parking
57 Spaces (9 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | REDD-000046-000000-000190 | Improvements Assessment | $287,900 |
| Land Assessment | $256,700 | Total Assessment | $544,600 |
Property Taxes
Parcel Number
REDD-000046-000000-000190
Land Assessment
$256,700
Improvements Assessment
$287,900
Total Assessment
$544,600
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12 Old Mill Rd
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