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Property profile & analytics
OFF-MARKET
Showrooms

17 Main St Marlborough, CT 06447-1309

3,430 SF 0.78 ac lot Built 1952
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0235036
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 3,430 square foot storefront in Marlborough, CT, at 17 N Main St. The property, completely renovated in 2021, boasts a 10-year absolute NNN lease with eight years remaining, featuring a popular restaurant tenant, Zina's Cucina, and two luxury apartments. The restaurant, having invested over $300,000 in improvements, enjoys a prime location with convenient access to Route 2. The building features a new roof, mechanicals, windows, façade, outdoor patio, plumbing, parking lot, and electrical systems. The two luxury apartments, designed by Design Your Monday, offer high-end finishes including leathered granite, custom kitchens, high tray ceilings, and radiant heated floors. The apartments are accessed via new Trex staircases and benefit from professionally maintained landscaping. The property generates a strong NOI of $85,000, with 3% annual rent bumps built into the lease, ensuring a stable and appreciating asset. This hands-off investment offers immediate cash flow and significant long-term potential. The property's prime location and strong tenant commitment make it an ideal addition to any portfolio. The building adheres to the county's newest building code.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,430 SF
Lot 0.78 ac (33,977 SF)
Zoning code R
APN MARL M:0006 B:0026 L:68-1
UPID US15-0235036
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
  • Zina's Cucina Restaurant
  • Sound Choice Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Mjm Re&invs LLC · 4 yrs held
Mjm Re&invs LLC
since 2022
3 recorded transactions
2022
Price N/A
2019
$375,000
2013
Price N/A
Zoning & alternative use
R · Marlborough, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R Residential Zone DMR Designed Multiple Residence GC General Commercial Zone VCD Village Center District DBIZ Designed Business/Industrial Zone GI General Industrial Zone DI Designed Industrial Zone DR Designed Recreation Zone DC Designed Commercial Zone

Zone name Residential
General category RESIDENTIAL
Zone area 10,476.19 ac
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