200 Main St East Windsor, CT 06088-9796
- Parking lots & garages
- 5,087 SF
- 4.84 lot acres
Current Use by Public Records
- Prime Wheels / Used Car Dealer
Property Details for 200 Main St
- Year built
- 1950
- Lot size
- 4.84 lot acres
- Property size
- 5,087 SF
- Zone code
- B-2
- Property type
- Parking lots & garages
- APN
- EWIN M:22 B:5 L:80
- APU
- EWINM22B5L80
Description
This exceptional commercial property, located at 200 S Main St, East Windsor, CT 06088, presents a lucrative investment opportunity. The 13,861 square foot retail space, built in 1950, sits on a 6.46-acre lot and boasts 425 parking spaces. Currently generating a monthly income of $32,600 from seven rental units with long-term leases, this property offers significant potential for growth. The property includes three parcels of land, with two additional buildings approved for construction since 2020, projected to increase gross monthly income to $40,000. The main building has undergone extensive renovations, including new metal roofing, siding, windows, doors, and garage doors. The property is zoned A/C and benefits from high visibility and convenient access to major highways. A detailed appraisal is available upon request. Four car dealer licenses are included. An extensive tenant waitlist further underscores the property's strong market demand. This is a rare opportunity to acquire a well-established, high-performing retail property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $460,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $510,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $500,000
- Mixed-Use
- $565,000
- Hospitality
- $555,000
- Educational
- $455,000
- Residential Income
- $480,000
- Energy
- $595,000
- Income-Based Land
- $560,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- East Windsor
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6096
- Latitude
- 41.8823
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA