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132 Main St
14,478 SF 86% Leased Retail Building Southington, CT 06489 $2,600,000 ($180/SF) 7% Cap Rate
Investment Highlights
- Class A Building in the Heart of Downtown Southington, Heavy Foot and Vehicle Traffic.
- Webster Bank Spent $300,000 on Building the New Three Lane Drive-Thru: Completed in 2023.
- Huge Value Add Opportunity with Converting all Leases to NNN and Maximizing Building Layout for Lease.
- Fully Leased to a Wide Variety of Professional Tenants (Including a National Anchor: Webster Bank).
- Interior Renovation Completed in 2023, Building Features Updates to HVAC, Landscaping, Parking Lot, Flooring.
- Huge Value Add Opportunity by Developing the Rear of the Parcel.
Executive Summary
The property is fully leased and features multiple units in the inviting lower level, beautifully renovated with new flooring, trim, lighting and paint and two large suites on the second floor, accessible by an ADA compliant elevator or main lobby stairs. The second floor contains a thriving ECommerce Company and is also home to a prestigious Wellness business with eight private session rooms, with the whole floor highlighted by custom handcrafted woodwork and featuring a built-in aquarium with exotic fish.
A perfect addition to your investment portfolio, with NNN leases providing bare minimum landlord responsibilities, start cash flowing from day one! Value add opportunities include developing the 0.65 acres in the back part of the lot (one of the largest parcels in Downtown Southington, Zoning: CB) ideal location for cell tower, and converting remaining leases to triple net. Don't miss the opportunity to own a piece of rapidly expanding Downtown Southington!
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
PRICE REDUCED -- $2,550 PER MONTH -- 2000 SQFT Class A Commercial Space for Lease Directly in Downtown Southington in a heavily trafficked building. $2,550 per month! Space has beautiful high end wood finishings and trim throughout, brand new vinyl floors and fresh paint. Space consists of a large main room with three private offices, a reception area, and plenty of storage space. Enjoy your own dedicated entrance directly from the large parking lot, a private half bathroom, 24/7 access with electronic keypad locks, security cameras, newly renovated common areas and energy efficient HVAC. Possibilities are endless, space can be retail, office, etc. Building is ADA compliant. Additional lower level Space/Storage Available.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 2,000 SF | Office/Retail | - | Now |
2nd Floor
| Size |
| 2,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 2,000 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
PRICE REDUCED -- $2,550 PER MONTH -- 2000 SQFT Class A Commercial Space for Lease Directly in Downtown Southington in a heavily trafficked building. $2,550 per month! Space has beautiful high end wood finishings and trim throughout, brand new vinyl floors and fresh paint. Space consists of a large main room with three private offices, a reception area, and plenty of storage space. Enjoy your own dedicated entrance directly from the large parking lot, a private half bathroom, 24/7 access with electronic keypad locks, security cameras, newly renovated common areas and energy efficient HVAC. Possibilities are endless, space can be retail, office, etc. Building is ADA compliant. Additional lower level Space/Storage Available.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | EGRA-000021-000000-000004 | Improvements Assessment | $0 |
| Land Assessment | $83,200 | Total Assessment | $83,200 |
PROPERTY TAXES
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132 Main St
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