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892-900 Farmington Ave Berlin, CT 06037

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For Sale
$2,799,500

Turn-key retail investment property, 100% leased with long-term tenants.

Property size:
21,119 SF
Lot size:
1.96 Acres

Property Features for 892-900 Farmington Ave

General Information

Size
21,119 SF
Lot size
1.96 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

Fully Leased Retail Investment Property

This retail property offers a turn-key investment opportunity with new roofs and HVAC systems. The property is 100% leased with long-term NNN tenants, including Cyclone Home Systems, Lava Salon, and Dollar General. The property generates a Net Operating Income (NOI) of $218,100, offering a 7.8% CAP rate. The property features street-level retail space and includes 73 parking spaces, providing a parking ratio of 5 spaces per 1,000 square feet. The property has 294 feet of frontage and two curb cuts. It is accessible via Rt. 9, Rt. 5, and Rt. 372 and is located near many area amenities. The property has a total size of 21,119 square feet.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Similar Places Nearby

Coinstar Kiosk | Bitcoin ATM

Location Insight

  • Map
  • Local Demand
City
Berlin
County
Hartford
State
Connecticut
Longitude
-72.7648219
Latitude
41.6336506

FAQs

What type of property is this?
Shopping center - Turn-key retail investment property, 100% leased with long-term tenants.
Where is this shopping center located?
The property is located at 892-900 Farmington Ave Berlin, CT.
What is the asking price?
The asking price for this property is $2,799,500.
What are key features of this property?
This property features: - 100% Leased with Long-term NNN Leases; - New Roofs & HVAC; - Attractive 7.8% CAP Rate
More about this property
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