163-175 Albany Tpke
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163-175 Albany Tpke
4 Properties Offered at $2,325,000 in Canton, CT
Virtual Tour
Investment Highlights
- 163-175 Albany Turnpike is a prime mixed-use investment portfolio featuring eight buildings on over 6 acres with excellent Route 44 visibility.
- Canton, Connecticut, blends natural beauty and historic charm, offering outdoor recreation opportunities and vibrant shopping/dining options.
- With a scenic backdrop of mountainside views, this splittable portfolio includes Tower Farms Garden Center and three parcels on Albany Turnpike.
- Diverse tenant mix including local retailers, personal service businesses, and one-bedroom residential units.
- Traffic-light access for ease of entry and exit.
- Flexible investment options: Tower Farms Garden Center at 175 Albany Turnpike (2.0 acres) Combined parcels at 163-171 Albany Turnpike (4.1 acres).
Executive Summary
163-175 Albany Turnpike presents an exceptional investment opportunity to acquire a prime mixed-use property in the heart of Canton, Connecticut. Spanning over 6 acres, this portfolio comprises eight standalone buildings across four deeded parcels, offering a blend of residential and commercial spaces. With a strategic location along Route 44, Canton’s main thoroughfare, this property boasts excellent visibility with over 25,000 vehicles passing by daily, generous on-site parking, a mix of paved and gravel surfaces, and a scenic backdrop of forested mountains.
Located approximately 15 miles northwest of Hartford, Canton is a quintessential New England town known for its natural beauty, rich history, and vibrant community. Its 10,000 residents enjoy the Farmington River Trail for hiking and biking, as well as shopping and dining at The Shoppes at Farmington Valley, a regional retail destination. Canton’s unique combination of historic charm, scenic landscapes, and modern amenities make it an attractive destination for both residents and visitors.
Located approximately 15 miles northwest of Hartford, Canton is a quintessential New England town known for its natural beauty, rich history, and vibrant community. Its 10,000 residents enjoy the Farmington River Trail for hiking and biking, as well as shopping and dining at The Shoppes at Farmington Valley, a regional retail destination. Canton’s unique combination of historic charm, scenic landscapes, and modern amenities make it an attractive destination for both residents and visitors.
Data Room Click Here to Access
- Operating and Financials
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,325,000 | Status | Active |
| Price / SF | $121.89 / SF | Number of Properties | 4 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.14% | Total Building Size | 19,075 SF |
| Sale Type | Investment | Total Land Area | 5.71 AC |
| Price | $2,325,000 |
| Price / SF | $121.89 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 19,075 SF |
| Total Land Area | 5.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 167-169 Albany Tpke, Canton, CT 06019 | Retail | 4,576 SF | 1980 | - |
| 163 Albany Tpke, Canton, CT 06019 | Retail | 8,000 SF | 1980 | - |
| 171-173 Albany Tpke, Canton, CT 06019 | Office | 5,004 SF | - | - |
| 175 Albany Tpke, Canton, CT 06019 | Retail | 1,495 SF | 1940 | - |
Sale Advisor
Sale Advisor
Steven Stang, Managing Partner
(860) 966-3172
Contact
Steven Stang, managing partner of GSHP, LLC, has been a passionate advocate for the redevelopment of historical properties in the Farmington Valley for nearly four decades. GSHP is dedicated to preserving the authentic charm of New England in every project, crafting spaces that tenants are proud to call home - whether for residential or commercial use.
If you have any questions or would like to schedule a tour of these unique properties, I’d be happy to assist. Discover the timeless appeal and character that define GSHP properties!
If you have any questions or would like to schedule a tour of these unique properties, I’d be happy to assist. Discover the timeless appeal and character that define GSHP properties!
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163-175 Albany Tpke
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