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141 Main St 36,000 SF 100% Leased Retail Building New Hartford, CT 06057 $2,900,000 ($80.56/SF) 8.07% Cap Rate

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INVESTMENT HIGHLIGHTS

  • This property features excellent exposure all year long.
  • This offering includes a healthy roster of tenants along with a long-standing grocery store business.

EXECUTIVE SUMMARY

Highly successful, long-standing shopping center property for sale in New Hartford, CT. The property has a healthy roster of tenants led by a freestanding Northwest Community Savings Bank building on an outparcel. Inline tenants include longtime New Hartford businesses Marandino Spirit Shop and New Hartford Diner. The center also features an Asian restaurant, a dance studio, and a smoke shop. The center will have a 23,000 square foot vacancy which makes this attractive to a user investor. Self-Storage, recreational, retail, grocery are some of the uses that could work here. New Hartford is known as a Town for All Seasons. The Farmington River boasts a tubing ride across the street from the property as well as some of the best trout fishing in the State. Ski Sundown draws from all corners all winter long. Falls are for leaf peepers and antique hunters and summers are spent on one of the cleanest bodies of water, the spring fed West Hill Pond as well as numerous summer camps in the area. Lastly, 291 homes seeking approvals to be built on land that surround the property!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,000 SF
Building Class
C
Year Built
1967
Price
$2,900,000
Price Per SF
$80.56
Cap Rate
8.07%
NOI
$234,135
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
8.00 AC
Zoning
B-2 - Business Zone
Parking
135 Spaces (4.44 Spaces per 1,000 SF Leased)

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NHAR-000044-000013-000020B
Land Assessment
$220,990
Improvements Assessment
$1,231,510
Total Assessment
$1,452,500
  • Listing ID: 31389812

  • Date on Market: 4/2/2024

  • Last Updated:

  • Address: 141 Main St, New Hartford, CT 06057

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