Property profile

1340 Main St Coventry, CT 06238

FOR SALE
Showrooms
Property ID
US15-0312979
3,888 SF 1.61 ac lot Built 1900
Entity Owned 10-yr Hold Free & Clear
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1340 Main St, Coventry, CT 06238 For Sale
Contact for pricing 3,888 SF
1340 Main St, Coventry, CT 06238
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Property summary

AI-generated overview

This exceptional 1.61-acre commercial land parcel presents a prime opportunity for retail development in the thriving town of Coventry, Connecticut. Located at 1340 Main Street, this property boasts unparalleled visibility on a major thoroughfare, benefiting from high traffic counts of 6,400 vehicles per day at the intersection of Main Street and Stonehouse Road. The site includes a 4,476 square foot existing building, offering potential for immediate use or redevelopment. The property is zoned VG, providing flexibility for a variety of retail uses. A completed environmental report is available, streamlining the due diligence process for prospective buyers. Its strategic location places it near numerous established businesses and amenities, ensuring strong customer traffic and convenient access for employees and customers. This is an exceptional opportunity to acquire a well-positioned commercial land parcel in a desirable Connecticut location, ready for immediate development or redevelopment. The asking price is $225,000. The property's address is 1340 Main Street, Coventry, CT 06238. The parcel is situated in Tolland County.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 3,888 SF
Lot 1.61 ac (70,132 SF)
Zoning code VG
APN COVE M:000L B:0061 L:0001
UPID US15-0312979

Cap rate & NOI

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

Location

1340 Main St Coventry, CT 06238
Coventry metro Census 850200 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2015
$1,200
2014
Price N/A

Zoning & alternative use

VG · Coventry, 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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More about this property
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