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166 Woodford AvePlainville, CT 06062

High-cashflow, multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add opportunity presents a 3-unit, mixed-use building ideally situated at 166 Woodford Avenue in Plainville, Connecticut, 06062. The property boasts a total of 3,603 square feet across two buildings, each two stories high, and sits on a 0.15-acre lot. Currently 100% occupied, the property generates a net operating income (NOI) of $40,000 annually. The building features three tenants: a restaurant and an embroidery shop on the ground floor, and a two-bedroom apartment on the second floor, providing a diverse income stream. The property benefits from a prime location on Woodford Avenue, experiencing nearly 10,000 vehicles daily, with over 40 feet of street frontage. Ten on-site parking spaces are available for tenants and customers. Built in 1942, the property is zoned GC and offers a stabilized investment opportunity with a modified lease structure. Serious offers are encouraged

Highlights

  • Three-unit mixed-use building in Plainville, CT, totaling 3,603 square feet on a 0.15-acre lot.
  • Currently 100% occupied with a $40,000 annual NOI.
  • Features a restaurant, embroidery shop, and a two-bedroom apartment, providing diverse income streams.
  • High-traffic location on Woodford Avenue with over 40 feet of frontage and 10 on-site parking spaces.
  • Built in 1942, zoned GC, offering a stabilized investment opportunity with a modified lease structure.

Property Details for 166 Woodford Ave

Property type
Retail properties, Restaurants
Square Feet
3,603 SF
Year Built
1942
Buildings
2
Stories
2
Lot Size (sq. ft)
6,534 SF
Units
3

Location Insight

City
Plainville
County
Hartford
State
Connecticut
Latitude
41.671228
Longitude
-72.855023
166 Woodford Ave, Plainville, Connecticut

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166 Woodford Ave
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