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2191 Boston Tpke 1,390 SF Retail Building Coventry, CT 06238 $295,000 ($212.23/SF)

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INVESTMENT HIGHLIGHTS

  • High Traffic Count 4 Way Intersection
  • Town Completed Back Street Entrance
  • Convert to Historic & File for Tax Credits or Tear Down
  • Across the Street from the New Cumberland Farms
  • Adjacent land (next to traffic light) is now a water catch basin

EXECUTIVE SUMMARY

The property next to Cumberland sold on 10/1/2025 for $550,000 (same seller). The existing residential structure on this property was built in 1890 & could be converted to historic for tax credit$$$. This old house may be the perfect size for an attorney's office, veterinarian, doctors office, pet boarding or rent out this single family home. Cumberland Farms does NOT have a use restriction on this property. Keep the old house or convert to prime commercial on 0.82 acres. Tear it down & build a Starbucks, Dunkin, Chic-Fil-A, Subway, Taco Bell, Taco Johns, Tropical Smoothie, Jiffy Lube, Auto Parts Store, etc. The town has completed the second entrance off Swamp Rd and the land adjacent to the street light is now a catch water basin (see Google Maps). The property across the street sold to Cumberland Farms in 2019 for $850,000 (same seller). Cumberland's parcel is 2.53 acres total and ~1.32 acres is wetlands. This works out to a sale price (2019) of $702,479 per buildable acre. 2191 Boston Tpnk is 0.82 Acres x $702,479 = $576,032 and you can steal this property for $295K! This property was under contract to a Dunkin Donuts franchise owner who used us leverage to renegotiate a lease with his current landlord.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,390 SF
Building Class
B
Year Built
1890
Price
$295,000
Price Per SF
$212.23
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
1.40 AC
Zoning
C-2 - This was a single family home rental property
Parking
23 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
207’ on Boston Turnpike
  • Listing ID: 36897058

  • Date on Market: 7/24/2025

  • Last Updated:

  • Address: 2191 Boston Tpke, Coventry, CT 06238

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