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350 E Main St Clinton, CT 06413

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For Sale
$925,000

Fully leased retail building with redevelopment and expansion potential.

Property size:
4,358 SF
Lot size:
0.54 Acres

Property Features for 350 E Main St

General Information

Size
4,358 SF
Lot size
0.54 Acres

Source: The Geenty Group Agent Kevin Geenty

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


Overview

Fully Leased Retail Building

This fully leased retail building offers the potential for a new owner to occupy 50% of the property in a restaurant space, although the current tenant has several years remaining on their lease and intends to stay. The property is currently operating at an 8% capitalization rate at market price. It is suitable for investors looking to enter commercial real estate investment, as the Triple Net Lease reduces on-site property management hours. The established tenants with thriving businesses provide stable lease terms. Upside benefits include redevelopment or potential expansion. The B-4 zone allows for accessory apartments, diverse business and professional offices, retail establishments of all sizes, plus specialized uses including daycare centers, veterinary hospitals, and farm stands. It is perfect for mixed-use development or multi-income strategies, combining residential rental income with commercial ventures. The property is located at 350 E Main St, Clinton, CT and has a property size of 4358 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Doc's Bar & Grill Bar & Grill Land of Thai Thai Restaurant Hot Stone Brick ... Pizza Restaurant

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Clinton
County
Middlesex
State
Connecticut
Longitude
-72.4872939
Latitude
41.273318

FAQs

What type of property is this?
Retail space - Fully leased retail building with redevelopment and expansion potential.
Where is this retail space located?
The property is located at 350 E Main St Clinton, CT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: - 8 Cap Rate at market price.; - Fully Leased Retail building with established tenants and solid lease terms.; - Triple Net Lease reduces on-site property management hours.
More about this property
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