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    620 Main St Oakville, CT 06795

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    For Sale
    $1,495,000

    20,266 SF retail building with primary tenant Walgreens.

    Property size:
    20,266 SF
    Lot size:
    0.79 Acres

    Property Features for 620 Main St

    General Information

    Size
    20,266 SF
    Lot size
    0.79 Acres

    Source: Godin Property Brokers Agent Mary Buckley

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

    Overview

    Retail Building Investment Opportunity

    This 20,266 square foot retail building presents an investment opportunity. The property is situated in a prime location on a busy main street, benefiting from high visibility and strong traffic counts exceeding 15,300 cars daily. The property is on a 0.79 acre lot and has a primary tenant, Walgreens. The property offers additional income potential. The Net Operating Income is $140,000.00 with a cap rate of 9.30%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store LibertyX Bitcoin ATM Atm higi Medical Clinic Kathleen Kwan Pharmacy FedEx OnSite Mailing Service

    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.

    Similar Places Nearby

    CVS, CVS Pharmacy, Walgreens, Kathleen Kwan, Enough Nutrition

    Location Insight

    • Map
    • Local Demand
    City
    Oakville
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.092209
    Latitude
    41.5899727

    FAQs

    What type of property is this?
    Drug store - 20,266 SF retail building with primary tenant Walgreens.
    Where is this drug store located?
    The property is located at 620 Main St Oakville, CT.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - High 9.30% Cap Rate; - Primary Tenant is Walgreens; - Strong Traffic Counts – 15,300+ Cars Daily
    (203) 577-2277
    Request Owner's contact information
    620 Main St Oakville, CT 06795
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    Oakville, CT 06795
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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
    620 Main St Oakville, CT 06795
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