1 Whiting St Plainville, CT 06062

Property Details for 1 Whiting St

Year built

1895

Construction

FRAME

Lot size

0.64 lot acres

Property size

32,830 SF

Zone code

CC

Property type

Investment properties

Property subtype

Live-work space

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.

Location Insight

City

Plainville

County

Hartford

State

Connecticut

Longitude

-72.8675

Latitude

41.6709

CBSA code

25540

CBSA name

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

Property Tax & Assessments