132 Main St - Bank FOR SALE


Southington, CT 06489
$2,600,000 USD
203-751-1390
132 Main St, Southington, CT for Sale
$2,600,000 USD
Bank - FOR SALE
1/15
null | 7.48% Cap Rate

132 Main St
Southington, CT 06489


HIGHLIGHTS

  • Class A Building in the Heart of Downtown Southington, Heavy Foot and Vehicle Traffic.
  • Fully Leased to a Wide Variety of Professional Tenants (Including a National Anchor: Webster Bank).
  • Webster Bank Spent $300,000 on Building the New Three Lane Drive-Thru: Completed in 2023.
  • Interior Renovation Completed in 2023, Building Features Updates to HVAC, Landscaping, Parking Lot, Flooring.
  • NNN Leases - Tenants Pay ALL Building Expenses
  • Huge Value Add Opportunity by Developing the Rear of the Parcel.

OVERVIEW

Incredible investment opportunity with this 14,478 sqft retail building located on a 1.03 acre lot in the heart of Downtown Southington on the bustling Main St (Route 10), with a Webster Bank Anchor Tenant alongside its newly installed three lane drive-through service. NNN LEASES - Tenants Pay ALL Building Expenses 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 has two tenants including 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!

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

CB

APN/PARCEL ID

EGRA-000021-000000-000004

ASK ABOUT THIS PROPERTY

Ari BigiGroup Realty LLCMore Info
203-751-1390

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Ari BigiGroup Realty LLCMore Info
203-751-1390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.