Property profile

872 Main St Windham, CT 06226

OFF-MARKET
Retail properties & Spaces
17,400 SF 0.26 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional 17,400 square foot mixed-use property, located at 872 Main Street in Windham, Connecticut, presents a compelling redevelopment opportunity. The three-story building, constructed in 1955, sits on a 0.26-acre lot and is zoned B1. Currently configured as office space and storefront, its versatile layout offers significant potential for a variety of uses. Its history as a bowling alley suggests possibilities for entertainment venues, while its size is ideal for large retail showrooms, health and fitness centers, medical offices, or multi-family residential conversion. The property's strategic location offers significant advantages. It's situated across from a parking garage, in close proximity to Windham Town Office, Eastern Connecticut State University, and Windham Hospital, ensuring high visibility and convenient access. Furthermore, its location within an Opportunity Zone, Enterprise Zone, and Hub Zone provides access to various economic incentives and development programs. This prime location and substantial square footage make this property an attractive investment for developers seeking a high-impact project in a thriving Connecticut community. The asking price is $500,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1955
Total area 17,400 SF
Lot 0.26 ac (11,326 SF)

Cap rate & NOI

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

Location

872 Main St Windham, CT 06226
Windham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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