1 Whiting StPlainville, CT 06062

Property Details for 1 Whiting St

Year built

1895

Construction

FRAME

Lot size

0.64 AC

Property size (Sq ft)

32,830 SF

Zone code

CC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PLAI M:28 B:F L:02

APU

PLAIM28BFL02

Description

This exceptional mixed-use property at 1 Whiting Street, Plainville, CT, presents a prime investment opportunity. The 32,830 square foot building sits on a 0.64-acre lot in the heart of Plainville's revitalized downtown area, offering unparalleled visibility and accessibility. The property's strategic location directly across from Town Hall and a planned 200-unit apartment complex ensures consistent foot traffic and strong future growth potential. The building's diverse income stream is comprised of ten one-bedroom apartments, two studio apartments, and ten storefront retail spaces, generating a substantial net annual income of $199,106. This impressive cash flow, coupled with the property's prime location and the ongoing development in the area, makes this a rare opportunity for investors seeking stable returns and long-term appreciation. The blend of residential and commercial units creates a resilient and diversified investment portfolio, offering both immediate income and significant future upside. The property's size and configuration provide flexibility for future expansion or redevelopment, catering to the evolving needs of the Plainville market. This is a truly unique opportunity to acquire a significant piece of Plainville's thriving downtown. The asking price is $2,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,427,780

  6.5%

  $5,010,258

  7%

  $4,652,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,289,568

  Geo Method

  $4,289,568

• Alternative Use

  Use

  Valuation

  Residential

  $6,212,720

  Hospitality

  $5,690,818

  Educational

  $4,734,694

  Medical

  $4,897,528

  Retail

  $7,365,080

Location Insight

City

Plainville

County

Hartford

State

Connecticut

Latitude

41.6709

Longitude

-72.8675

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.