Property profile

274 Riverside Dr B Thompson, CT 06277

FOR LEASE
Commercial real estate
Property ID
US15-0113197
3,772 SF 1.93 ac lot Built 1994
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,200-square-foot retail space, located at 274 Riverside Drive in Thompson, Connecticut, presents a unique investment opportunity. Built in 2023, this single-tenant property boasts a spacious layout divided equally between two floors, each offering 2,600 square feet of adaptable space. The unit is a blank canvas, perfect for customizing to your specific business needs. The property benefits from ample paved parking conveniently situated next to a bustling mini-golf and entertainment venue, ensuring high visibility and foot traffic. With a daily traffic count exceeding 18,000 vehicles, this location offers significant exposure to potential customers. The building is equipped with hot air/electric heating, central air conditioning, and a private well. Electric and cable services are readily available. This property is specifically approved for cannabis retail, presenting a lucrative opportunity in a growing market. The address is 274 Riverside Drive, Thompson, CT 06277. This is a two-story building. Don't miss this chance to establish your business in a vibrant and high-traffic location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Construction WOOD FRAME
Total area 3,772 SF
Lot 1.93 ac (84,071 SF)
Zoning code COMM
APN THOM M:87 B:95 L:39
UPID US15-0113197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Golf Course

Location

274 Riverside Dr, Unit B Thompson, CT 06277
Thompson metro Census 900200 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2016
$75,000
2016
Price N/A
2011
$240,000
2011
Price N/A
2011
$1
2010
Price N/A

Zoning & alternative use

COMM · Thompson, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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