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- LoopNet Team
1559 W Main St
Willimantic, CT 06226
Office Property For Sale
INVESTMENT HIGHLIGHTS
- State of Connecticut Lease
- Value Added
PROPERTY FACTS
ABOUT 1559 W MAIN ST , WILLIMANTIC, CT 06226
1559 West Main Street: Prime West Main Street corner location nearby regional shopping, town offices, Hospital and Eastern Connecticut State University. 9254 SF block building on 0.77 acres built in 1990 and continuously leased by the CT DMV. New roof in 2019, parking lot in excellent condition. New Five Years Lease Signed 10/29/2018 Initial Term: $99,000.00/year $10.70 PSF Option 1: $105,000.00/year $11.35 PSF Option 2: $111,000.00/year $11.99 PSF Additional Value: parcel sold together with 1555 West Main Street, 0.39 acres with 2400+/- SF turn-key restaurant. This property has been home to the popular Papa's Pizza and Roast Beef for 50 years. Properties sell as a package.
PROPERTY TAXES
| Parcel Number | WIND-001101-000009-000069 | Improvements Assessment | $105,140 |
| Land Assessment | $40,810 | Total Assessment | $145,950 |
PROPERTY TAXES
