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Property profile & analytics
FOR SALE
Showrooms

1340 Main St Coventry, CT 06238

3,888 SF 1.61 ac lot Built 1900
Entity Owned 9-yr Hold Free & Clear
Property ID
US15-0312979
1340 Main St, Coventry, CT 06238 For Sale
$225,000 3,888 SF
1340 Main St, Coventry, CT 06238
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Property summary
AI-generated overview

This exceptional 1.61-acre commercial land parcel presents a prime opportunity for retail development in the thriving town of Coventry, Connecticut. Located at 1340 Main Street, this property boasts unparalleled visibility on a major thoroughfare, benefiting from high traffic counts of 6,400 vehicles per day at the intersection of Main Street and Stonehouse Road. The site includes a 4,476 square foot existing building, offering potential for immediate use or redevelopment. The property is zoned VG, providing flexibility for a variety of retail uses. A completed environmental report is available, streamlining the due diligence process for prospective buyers. Its strategic location places it near numerous established businesses and amenities, ensuring strong customer traffic and convenient access for employees and customers. This is an exceptional opportunity to acquire a well-positioned commercial land parcel in a desirable Connecticut location, ready for immediate development or redevelopment. The asking price is $225,000. The property's address is 1340 Main Street, Coventry, CT 06238. The parcel is situated in Tolland County.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 3,888 SF
Lot 1.61 ac (70,132 SF)
Zoning code VG
APN COVE M:000L B:0061 L:0001
UPID US15-0312979
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wlm Group LLC · 9 yrs held
Wlm Group LLC
since 2016
3 recorded transactions
2016
Price N/A
2015
$1,200
2014
Price N/A
Zoning & alternative use
VG · Coventry, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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