3 West St - Storefront Retail/Office FOR SALE


Litchfield, CT 06759
$3,500,000 USD
203-510-9184
3 West St, Litchfield, CT for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/69
null | 3.17% Cap Rate

3 West St
Litchfield, CT 06759


OVERVIEW

Own a signature part of Litchfield CT historic downtown commercial district. This historic 2/3 story building, located at the corner of West and South Street, includes twelve tenants, many of whom are long-term tenants. The property has been well maintained by the same owner over many years. Over 12,900 square feet of rentable space on the 1st, 2nd, and basement floors and the potential to expand the 3rd floor into other space. At one time the 3rd floor was a usable theater space. Fabulous exposure in Litchfields thriving downtown and ample street parking and sidewalks. The facility features a brick exterior with a full basement supported by stone and concrete foundation walls. It has a flat or slightly pitched roof with a rubber membrane finish. The windows range from large storefront panes to multi-pane storefront units and double-hung windows, which include both older wooden models and newer thermopane versions. Recently, the main level's storefront windows were replaced. Electrical service is at least 400 amps, multi-phase, and multi-wire, with individual meters for each tenant. The first floor is heated by propane-fired furnaces that provide hot water heat, while most other units use electric baseboard heating. Radiant floor heating is installed in parts of both the main and lower levels. Additionally, some areas have recently been equipped with new mini-split systems installed within the past year.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

3.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Phelps Block

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

South St

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

BH

APN/PARCEL ID

LITC-000206-000047-000017

ASK ABOUT THIS PROPERTY

Tim DrakeleyDrakeley Real Estate IncMore Info
203-510-9184

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Tim DrakeleyDrakeley Real Estate IncMore Info
203-510-9184

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