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160 Oak St - Building #1 880 SF Office Condo Unit Offered at $165,000 in Glastonbury, CT 06033
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 4 |
| Cap Rate | 7.22% |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| No. Parking Spaces | 4 |
Sale Notes
Excellent investment opportunity in Glastonbury. 160 Oak Street, Unit 1H is a commercial condo occupied by a long-term driving school tenant, making it an attractive option for an investor seeking steady income, minimal day-to-day management, and a relatively low price point for entry into commercial investment ownership. The property generates $11,914 net income, with the tenant paying all utilities and covering the first $1,000 in repairs. The owner is responsible for taxes, insurance, and monthly association charge of $234.94, which include water, sewer, and restrooms. Strong tenant, long-term lease, dependable income, and an accessible entry price make this a solid addition to an investment portfolio.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1H | 880 SF | Office | $165,000 ($187.50/SF) | $11,913 |
Unit 1H
| Unit Size |
| 880 SF |
| Condo Use |
| Office |
| Price |
| $165,000 ($187.50/SF) |
| NOI |
| $11,913 |
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Unit 1H
| Unit Size | 880 SF |
| Condo Use | Office |
| Price | $165,000 ($187.50/SF) |
| NOI | $11,913 |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| No. Parking Spaces | 4 |
| Sale Notes | |
| Excellent investment opportunity in Glastonbury. 160 Oak Street, Unit 1H is a commercial condo occupied by a long-term driving school tenant, making it an attractive option for an investor seeking steady income, minimal day-to-day management, and a relatively low price point for entry into commercial investment ownership. The property generates $11,914 net income, with the tenant paying all utilities and covering the first $1,000 in repairs. The owner is responsible for taxes, insurance, and monthly association charge of $234.94, which include water, sewer, and restrooms. Strong tenant, long-term lease, dependable income, and an accessible entry price make this a solid addition to an investment portfolio.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,406 SF | Typical Floor Size | 4,208 SF |
| Property Type | Year Built | 1986 | |
| Building Class | C | Lot Size | 1.20 AC |
| Floors | 2 | Parking Ratio | 7.29/1,000 SF |
| Zoning | PI | ||
| Total Building Size | 7,406 SF |
| Property Type | |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,208 SF |
| Year Built | 1986 |
| Lot Size | 1.20 AC |
| Parking Ratio | 7.29/1,000 SF |
| Zoning | PI |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| The Next Street Driving School |
99,999 SF SF
|
Jan 0000
|
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160 Oak St - Building #1