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Redevelopment Mixed-Use Property
For Lease
$500,000

872 Main St, Willimantic, CT 06226

Large commercial building with office occupancy and flexibility for retail, medical, fitness, entertainment, or residential conversion.

Space Size17,400 SF
Days on Market780

Property Features for 872 Main St

General Information

Standard status Active
Size 17,400 SF
Net Rentable 17,400 SF

Space & Availability

Available Space 17,400 SF
Contiguous Space 17,400 SF
Space Use Office

Additional Details

Opportunity Zone Yes

Taxes and HOA fees

Annual Taxes $19,706

Building Details

Building Size 17,400 SF
Listing Agency: National Realty Advisors LLC
Listed By: David Mieczynski · License #REB.0788359
Source: Exprealty
Added: Aug 30, 2024 Changed: Oct 16 Last Checked: Oct 16 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of National Realty Advisors LLC

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Investment Insights

Based on property information with market context.

This 17,400 SF commercial building is currently configured for office use and offers a substantial footprint for repositioning. The property was originally built as a bowling alley, creating a layout that may support a range of redevelopment concepts, including retail showroom, entertainment, health and fitness, medical, office, or multifamily use as applicable.

Located at 872 Main St in Willimantic, the building sits across from a parking garage and near town offices, Eastern Connecticut State University, and Windham Hospital. The property is within an Opportunity Zone, Enterprise Zone, and Hub Zone, providing several established location designations for consideration during planning and evaluation.

Key Highlights

  • 17,400+/- SF commercial building at 872 Main St, Willimantic, CT
  • Currently configured for office use
  • Originally constructed as a bowling alley

Property Analytics

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Current Use

Windham Area Habitat ... Social Service Agency GROW Windham Community Garden United Way Social Service Agency Windham Regional Community ... Social Service Agency Spanish American Merchants Charitable Organization

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hair Salon Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,150
Businesses Nearby

Demographics for 06226, CT

19,233
Population
7,622
Households
2.5
Avg Household Size
29
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
2,671
Density / Sq Mi
$44,103
Median Household Income
$26,504
Median Earnings
$1,084
Median Rent
$181,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Large commercial building with office occupancy and flexibility for retail, medical, fitness, entertainment, or residential conversion.
Where is this mixed-use property located?
The property is located at 872 Main St Willimantic, CT.
What is the lease rate?
The lease rate is $500,000.
What are key features of this property?
This property features: 17,400+/- SF commercial building at 872 Main St, Willimantic, CT; Currently configured for office use; Originally constructed as a bowling alley
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