Log In/Sign Up
Your email has been sent.
189-201 Marlborough St Portland CT 201 Marlborough St 7,000 SF 100% Leased Office Building Portland, CT 06480 $1,200,000 ($171.43/SF) 6.90% Cap Rate
Executive Summary
Three-building mixed-use income property on high-traffic Route 66 in Portland's prime B-2 commercial corridor. Currently occupied by two national tenants - Subway Restaurant (197 Marlborough) and State Farm Insurance (201 Marlborough, ground floor) - plus a residential dwelling (189 Marlborough) . All active leases are gross with tenants paying their own utilities, delivering a clean, low-expense income stream. Current NOI: $82,757 | Cap Rate: 6.9% at ask. Preapproved strip mall on the land of 189. Potential for a second unit at 201
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,000 SF
Building Class
A
Year Built
1947
Price
$1,200,000
Price Per SF
$171.43
Cap Rate
6.90%
NOI
$82,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,500 SF
Slab To Slab
9’
Building FAR
0.26
Lot Size
0.61 AC
Zoning
Commercial
Parking
20 Spaces (2.86 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | PORT-000020-000000-000196 | Improvements Assessment | $198,310 |
| Land Assessment | $126,560 | Total Assessment | $324,870 |
Property Taxes
Parcel Number
PORT-000020-000000-000196
Land Assessment
$126,560
Improvements Assessment
$198,310
Total Assessment
$324,870
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
189-201 Marlborough St Portland CT | 201 Marlborough St