Property summary
This exceptional retail investment opportunity in Essex, CT, presents two distinct spaces within the Bokum Center: a 6,217 square foot end-cap retail space and a separate 2,800 square foot freestanding building, formerly a bank, complete with a drive-thru. The Bokum Center, a 42,719 square foot shopping center situated at 125 Westbrook Road, benefits from a high-traffic location at a signalized intersection, offering excellent visibility and proximity to Route 9 (approximately 1.1 miles). The property features two buildings, each single-story, totaling nine suites. Currently, 18,564 square feet are vacant, offering significant potential for expansion or redevelopment. The property boasts 147 parking spaces and is served by 400-amp, 3-phase power. Strong, long-term tenants include Walgreens, Subway, Essex Wine & Spirits, SNAP Fitness, Euro Cleaners, Hong Kong Kitchen, and a new DG Market. The minimum divisible space is 2,800 square feet, with a maximum contiguous space of 3,323 square feet. The property sits on 3.87 acres of land and was built in 1979. The zoning is classified as "C". This presents a unique chance to establish a supermarket presence in the town or secure a standalone retail/office building. The property's location and existing tenant mix provide a strong foundation for success. The total building comprises 42,719 square feet. Taxes are $46,590.52 per square foot.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Restaurant
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Grocery & Convenience Store Food Market
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Pharmacy
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Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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