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    1 Whiting St Plainville, CT 06062

    Sponsored
    For Sale
    $2,750,000

    High-Yield Retail & Residential Complex

    Property size:
    32,830 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 1 Whiting Street, Plainville, CT, presents a prime investment opportunity. The 32,830 square foot building sits on a 0.64-acre lot in the heart of Plainville's revitalized downtown area, offering unparalleled visibility and accessibility. The property's strategic location directly across from Town Hall and a planned 200-unit apartment complex ensures consistent foot traffic and strong future growth potential. The building's diverse income stream is comprised of ten one-bedroom apartments, two studio apartments, and ten storefront retail spaces, generating a substantial net annual income of $199,106. This impressive cash flow, coupled with the property's prime location and the ongoing development in the area, makes this a rare opportunity for investors seeking stable returns and long-term appreciation. The blend of residential and commercial units creates a resilient and diversified investment portfolio, offering both immediate income and significant future upside. The property's size and configuration provide flexibility for future expansion or redevelopment, catering to the evolving needs of the Plainville market. This is a truly unique opportunity to acquire a significant piece of Plainville's thriving downtown. The asking price is $2,750,000.

    Property Features for 1 Whiting St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    32,830 SF
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1895
    Property Profile Location Intelligence

    Current Use by Public Records

    Martel Music Store Musical Instrument Store Concept Marketing, LLC Website Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.86746
    Latitude
    41.67085

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Retail & Residential Complex
    Where is this commercial real estate located?
    The property is located at 1 Whiting St Plainville, CT.
    What is the asking price?
    The asking price for this property is $2,750,000.
    (860) 677-4949
    Request Owner's contact information
    1 Whiting St Plainville, CT 06062
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    Plainville, CT 06062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Whiting St Plainville, CT 06062
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