103 Main St Somers, CT 06071
- Retail space
- 1,925 SF
- 0.92 lot acres
Current Use by Public Records
- Retail space
Property Details for 103 Main St
- Year built
- 2002
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 1,925 SF
- Zone code
- B
- Property type
- Retail space
- APN
- SOME M:21 B:06
- APU
- SOMEM21B06
Description
This exceptional commercial property at 103 Main Street, Somers, CT, presents a rare investment opportunity. The 3,325 square foot building sits on a 0.92-acre lot and is ideally located on Route 190, a major commuter route in Northern Connecticut, ensuring high visibility and accessibility. The property includes an established and profitable wine and liquor store with a loyal customer base, offering immediate income potential. In addition to the thriving liquor store, the building features a vacant retail space, previously used as an ice cream shop and storage, providing significant expansion or redevelopment possibilities. An attached greenhouse adds further versatility. Ample parking and a convenient loading area cater to both customers and deliveries. This property offers a unique blend of established business and significant development potential, making it an attractive investment for both seasoned entrepreneurs and those seeking a profitable venture in a desirable location. The property's prime location in a busy commercial area, combined with its diverse offerings, presents a compelling opportunity to expand an existing business or create a new one. The combination of the established liquor store, vacant retail space, and greenhouse provides a flexible platform for various business models and future growth. This is a chance to acquire a well-positioned property with immediate income and substantial long-term potential in a thriving Connecticut community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $265,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $265,000
- Mixed-Use
- $285,000
- Hospitality
- $335,000
- Educational
- $285,000
- Residential Income
- $325,000
- Energy
- $350,000
- Income-Based Land
- $270,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Somers
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.4902
- Latitude
- 41.9855
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA