For Sale
$550,000

1159 Main StCoventry, CT 06238

8,000 SF Shopping Center, Great Investment!

Overview

Added:
Dec 11, 2024
Days on market:
114
This 8,000-square-foot mixed-use building, situated on a 1.5-acre lot at 1159 Main Street in Coventry, Connecticut (06238), presents a compelling investment opportunity. The Class B property, built in 1950, features a 10-foot ceiling height and is currently configured as a shopping center with two tenants, both in the healthcare sector. The building offers a blend of retail, office, and industrial space, making it suitable for a variety of uses. The lower level, comprising 4,000 square feet, is available for lease. The property boasts ample parking in a recently paved rear lot, is handicap accessible, and benefits from city sewer and well water, along with propane gas heat. The zoning designation is VC Village Center, allowing for a range of permitted uses including office, personal service, professional service, art studios, public museums, and government services. Special permits may allow for taverns, recreational activities, educational services, food service, daycare facilities, and more. The property enjoys high visibility with over 120 feet of road frontage on a busy street, experiencing an average daily traffic count exceeding 3,700 vehicles. The asking price is $550,000, translating to $68.75 per square foot. This NNN-leased multi-tenant property offers a strong return on investment.

Highlights

  • 8,000 SF mixed-use building on a 1.5-acre lot in Coventry, CT.
  • Class B building, built in 1950, with 10-foot ceilings.
  • Currently a two-tenant shopping center (healthcare sector); 4,000 SF lower level available for lease.
  • Ample parking, handicap accessible, city sewer, well water, propane heat.
  • VC Village Center zoning allows for diverse uses, including office, retail, and personal services; special permits for additional uses.
  • High visibility with 120+ feet of road frontage on a busy street (3,700+ ADT).

Property Details for 1159 Main St

Property type
Lifestyle centers, Power centers
Square Feet
8,000 SF
Class
B
Year Built
1950
Buildings
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Coventry
County
Tolland
State
Connecticut
Latitude
41.76774548
Longitude
-72.29928455
1159 Main St, Coventry, Connecticut

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1159 Main St
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