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93 Market Sq Newington 93 Market Sq 3,840 SF 100% Leased Office Building Newington, CT 06111 $525,000 ($136.72/SF)
Investment Highlights
- • Rarely available property held by the same family ownership for decades
- • Established tenants provide existing rental income, with owner-occupied and vacant space offering additional income-growth potential
- • Conveniently located with easy access to Major Routes -5/15 and Route 9
- • Prominent location in the heart of Market Square with excellent visibility and signage opportunities
- • Well-maintained 3,840-square-foot brick building with numerous capital improvements and additional finished lower-level space
- Post office, banks, retail shops, restaurants and cafe's all within walking distance
Executive Summary
RARE MARKET SQUARE INVESTMENT / OWNER-USER OPPORTUNITY
91-95 Market Square, Newington CT— Rarely available! Outstanding opportunity to acquire a well-maintained mixed-use retail and office property prominently situated in the heart of Market Square. Held by the same ownership for decades, this approximately 3,840-square-foot, two-story building offers excellent visibility, established tenants and additional finished lower-level.
The property features updated retail and professional office areas, together with owner-occupied and vacant space offering future leasing and income-growth potential. Numerous capital improvements have been completed throughout the years, including roof replacement, boiler upgrades (3 Navien wall units), 40 gal water heater, replacement windows and various interior renovations.
An attractive opportunity for an owner-occupant or investor seeking stable tenancy, rental income and additional value-added potential.
For additional infomation and full OM - Call 860.202.5145
91-95 Market Square, Newington CT— Rarely available! Outstanding opportunity to acquire a well-maintained mixed-use retail and office property prominently situated in the heart of Market Square. Held by the same ownership for decades, this approximately 3,840-square-foot, two-story building offers excellent visibility, established tenants and additional finished lower-level.
The property features updated retail and professional office areas, together with owner-occupied and vacant space offering future leasing and income-growth potential. Numerous capital improvements have been completed throughout the years, including roof replacement, boiler upgrades (3 Navien wall units), 40 gal water heater, replacement windows and various interior renovations.
An attractive opportunity for an owner-occupant or investor seeking stable tenancy, rental income and additional value-added potential.
For additional infomation and full OM - Call 860.202.5145
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,840 SF
Building Class
C
Year Built
1955
Price
$525,000
Price Per SF
$136.72
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
1.10
Lot Size
0.08 AC
Zoning
B-TC - 340 - Office Bld...
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NEWI-000016-000638 | Improvements Assessment | $88,200 |
| Land Assessment | $63,000 | Total Assessment | $151,200 |
Property Taxes
Parcel Number
NEWI-000016-000638
Land Assessment
$63,000
Improvements Assessment
$88,200
Total Assessment
$151,200
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93 Market Sq Newington | 93 Market Sq