Three-Building Mixed-Use Income
189-201 Marlborough Street Portland, CT 06480
189-201 Marlborough Street, Portland, CT, 06480
$1,200,000
For Sale
$1,200,000
Three-building mixed-use asset with occupied retail/office space and a residential dwelling under active gross leases.
Property Size8,000 SF
Price / SF$150
Days on Market33
Property Features for 189-201 Marlborough Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agency
Oxford Realty
(225) 288-4109
Listed by
Shay Hugo Vaezzadeh · License #452508574
(225) 288-4109
Source
Iverty
Added: Jun 19 Updated: Jul 20 at 7:03PM Checked: Jul 21 at 3:36AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This three-building mixed-use income property includes occupied commercial space and a residential dwelling. The property is currently leased to Subway Restaurant at 197 Marlborough and State Farm Insurance at 201 Marlborough, ground floor, along with a residential dwelling at 189 Marlborough.
The asset is located on high-traffic Route 66 within Portland’s B-2 commercial corridor. All active leases are gross, with tenants paying their own utilities.
The current financials reported for the property are a NOI of $82,757 with a 6.9% cap rate at the asking price.
The asset is located on high-traffic Route 66 within Portland’s B-2 commercial corridor. All active leases are gross, with tenants paying their own utilities.
The current financials reported for the property are a NOI of $82,757 with a 6.9% cap rate at the asking price.
Key Highlights
- Three‑building mixed‑use income property on high‑traffic Route 66 in Portland’s B‑2 commercial corridor
- Occupied by active national tenants: Subway Restaurant at 197 Marlborough and State Farm Insurance at 201 Marlborough (ground floor)
- Includes a residential dwelling at 189 Marlborough, with all units currently occupied
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-building mixed-use asset with occupied retail/office space and a residential dwelling under active gross leases.
Where is this mixed-use property located?
The property is located at 189-201 Marlborough Street Portland, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑building mixed‑use income property on high‑traffic Route 66 in Portland’s B‑2 commercial corridor; Occupied by active national tenants: Subway Restaurant at 197 Marlborough and State Farm Insurance at 201 Marlborough (ground floor); Includes a residential dwelling at 189 Marlborough, with all units currently occupied
