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85 River Rd

7,897 SF 100% Leased Retail Building Canton, CT 06019 $1,171,911 ($148/SF) 7% Cap Rate

Investment Highlights

  • Diverse Tenant Mix
  • Strategic Retail Location
  • Strong Demographics
  • Scheduled Rent Increases
  • Excellent Frontage & Visibility

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 85 River Road in Canton, Connecticut (the “Property”). The Property was constructed in 1988 and contains 7,897 square feet on a 1.61-acre parcel of land. The well-maintained Property is comprised of four (4) suites and is 100% leased to an attractive mix of office and neighborhood service tenants. The well-maintained Property is positioned in the southern portion of Canton and provides a convenient location for area residents. The Property benefits from outstanding frontage and visibility along both River Road (CT Route 179) and is 0.5-miles from the junction of US Routes 44 and 202, the area’s primary commercial and commuter corridors. The Property is less than a mile from Canton’s municipal buildings, Canton Intermediate School and Canton High School. Canton is positioned approximately 11-miles east of Torrington and 15-miles northwest of Hartford, the regional center for commerce, employment, and entertainment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,897 SF
Building Class
B
Year Built
1988
Price
$1,171,911
Price Per SF
$148
Cap Rate
7%
NOI
$82,034
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
1.61 AC
Zoning
I
Parking
42 Spaces (5.54 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CANT-000030-000449-000085
Land Assessment
$92,410
Improvements Assessment
$285,620
Total Assessment
$378,030
  • Listing ID: 33463924

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 85 River Rd, Canton, CT 06019

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