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57-59 Whiting St 2,200 SF 100% Leased Retail Building Plainville, CT 06062 $1,650,000 ($750/SF) 6.30% Cap Rate
Investment Highlights
- Townhouse-style residential units (2 bed / 2.5 bath)
- Strong location with access to I-84, Route 72 & Hartford MSA
- Diversified commercial tenant mix
Executive Summary
Alpha Capital Realty is pleased to present 57–59 Whiting Street, a mixed-use investment opportunity located in the heart of Plainville, Connecticut. The asset consists of three separate buildings situated on approximately 0.71 acres, totaling eight units comprised of four residential townhomes and four commercial spaces.
The property is offered at an asking price of $1,650,000 and features a strong in-place Net Operating Income of $103,239, with the ability to increase to approximately $129,138 through rent growth and operational improvements.
The residential component includes four townhouse-style units, each offering two bedrooms and two-and-a-half bathrooms with modern finishes, hardwood flooring, and fully separate utilities and water metering. This structure significantly reduces landlord expense exposure and enhances operational efficiency.
The commercial component consists of four service-oriented tenants, including a hair salon, office space, Pilates studio, and beauty studio. These tenants provide stable, diversified income supported by consistent local demand and foot traffic within a well-established commercial corridor.
The asset benefits from its mixed-use composition, offering diversified income streams across both residential and commercial sectors while reducing reliance on any single tenant type. The presence of three independent buildings further enhances flexibility and reduces concentration risk.
Strategically located along Whiting Street, the property is surrounded by dense residential neighborhoods and neighborhood-serving retail, supporting long-term tenant demand. The location provides convenient access to major roadways, including I-84 and Route 72, with proximity to Hartford, Farmington, and Bristol employment hubs.
57–59 Whiting Street presents a compelling opportunity for investors seeking a stabilized, income-producing mixed-use asset with strong fundamentals, low residential expense burden, and clear upside through rent growth, lease restructuring, and long-term repositioning.
For additional information or to receive the Offering Memorandum, please see in the secure information section and request.
The property is offered at an asking price of $1,650,000 and features a strong in-place Net Operating Income of $103,239, with the ability to increase to approximately $129,138 through rent growth and operational improvements.
The residential component includes four townhouse-style units, each offering two bedrooms and two-and-a-half bathrooms with modern finishes, hardwood flooring, and fully separate utilities and water metering. This structure significantly reduces landlord expense exposure and enhances operational efficiency.
The commercial component consists of four service-oriented tenants, including a hair salon, office space, Pilates studio, and beauty studio. These tenants provide stable, diversified income supported by consistent local demand and foot traffic within a well-established commercial corridor.
The asset benefits from its mixed-use composition, offering diversified income streams across both residential and commercial sectors while reducing reliance on any single tenant type. The presence of three independent buildings further enhances flexibility and reduces concentration risk.
Strategically located along Whiting Street, the property is surrounded by dense residential neighborhoods and neighborhood-serving retail, supporting long-term tenant demand. The location provides convenient access to major roadways, including I-84 and Route 72, with proximity to Hartford, Farmington, and Bristol employment hubs.
57–59 Whiting Street presents a compelling opportunity for investors seeking a stabilized, income-producing mixed-use asset with strong fundamentals, low residential expense burden, and clear upside through rent growth, lease restructuring, and long-term repositioning.
For additional information or to receive the Offering Memorandum, please see in the secure information section and request.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
2013
Price
$1,650,000
Price Per SF
$750
Cap Rate
6.30%
NOI
$103,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
0.71 AC
Zoning
CC
Parking
8 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
70’ on 59A WHITING ST
Amenities
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PLAI-000028-F000000-000007 | Total Assessment | $639,100 |
| Land Assessment | $88,340 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $550,760 | Tax Year | 2025 |
Property Taxes
Parcel Number
PLAI-000028-F000000-000007
Land Assessment
$88,340
Improvements Assessment
$550,760
Total Assessment
$639,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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57-59 Whiting St
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