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Property profile & analytics
FOR SALE
Retail space

114 South Main St Cheshire, CT 06410

9,000 SF 0.69 ac lot Built 1971
Individually Owned 29-yr Hold ~ Est. High Equity
Property ID
US15-0628291
Property summary
AI-generated overview

This well-maintained, three-story mixed-use building in Cheshire's Business District offers exceptional office space for lease. The building, constructed in 1971, boasts a total of 12,500 square feet, currently featuring 220 square feet of immediately available space. The available space is located on an upper level and comprises two adjoining offices, ideal for one to two occupants each, totaling approximately 220 square feet. These spaces are perfect for small businesses or entrepreneurs seeking a convenient and affordable location. The building is zoned C-1 and offers ample on-site parking in a private lot. Utilities are included in the monthly rent of $450.00. While there are no elevators, the building is well-maintained and offers a comfortable work environment. The property is a multi-tenant building with a mix of office and retail spaces, creating a vibrant and active atmosphere. This is a fantastic opportunity to secure a move-in ready office space in a desirable Cheshire location. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,000 SF
Lot 0.69 ac (30,056 SF)
Zoning code C-1
APN CHES M:64 B:260 L:
UPID US15-0628291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rent-A-Waiter Employment Agency
  • E Wood Plus Inc Architect
  • Mr. Handyman of Cheshire, Middletown, Old Saybrook Hardware & Home Improvement General Contractor
  • NPV Solar Solar Energy Company
  • Maid Magic Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$592k
Blend (final) Blend
$650k
Owner & transaction history
Anthony P Cucinelli · 29 yrs held
Anthony P Cucinelli
since 1996
4 recorded transactions
1996
$585,000
1995
Price N/A
1992
Price N/A
1992
Price N/A
Zoning & alternative use
C-1 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.0M +3.9%
Office building $1.0M +2.4%
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More about this property
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