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    58-62 East St Plainville, CT 06062

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    For Sale
    $2,700,000

    Retail plaza with 93% occupancy and excellent visibility.

    Property size:
    23,000 SF
    Lot size:
    1.93 Acres

    Property Features for 58-62 East St

    General Information

    Size
    23,000 SF
    Lot size
    1.93 Acres

    Source: O,R&L Commercial, LLC Agent Luke Massirio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Plaza For Sale

    This retail plaza is available for sale, presenting a prime investment opportunity. The property features a 6.83% CAP Rate and a Net Operating Income (NOI) of $184,478. It includes a 1,500 square foot space available for lease. The property is situated on approximately 1.93 acres and consists of a one-story building. The plaza has been newly renovated and is zoned GC. Traffic counts in the area average approximately 17,000 vehicles per day. There are 110 parking spaces available. The property offers excellent visibility and easy access to I-84 and Route 72. The property has a total size of 23,000 square feet and is currently 93% occupied.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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
    -72.860705
    Latitude
    41.669553

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    FAQs

    What type of property is this?
    Strip mall - Retail plaza with 93% occupancy and excellent visibility.
    Where is this strip mall located?
    The property is located at 58-62 East St Plainville, CT.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Prime investment property; - Boasting a 6.83% CAP rate; - NOI $184,478
    (860) 883-6013
    Request Owner's contact information
    58-62 East 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
    58-62 East St Plainville, CT 06062
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