1 Whiting St Plainville, CT 06062

This exceptional mixed-use property, located at 1 Whiting St in Plainville, Connecticut, presents a compelling investment opportunity. The 32,830 square foot shopping center boasts 22 individual units, currently operating at 80% occupancy, generating a substantial net operating income (NOI) of $199,106. The asking price is $2,750,000, representing a current cap rate of 7.24% and a pro-forma cap rate of 9.00%, indicating significant potential for increased profitability. Built in 1895, the property offers a blend of office and retail spaces, catering to a diverse tenant base. While the property includes only one parking space, the location in Plainville, CT (zip code 06062) offers convenient access and ample public parking options. The property is offered with 100% ownership, providing complete control and management flexibility. This is a rare opportunity to acquire a well-established, income-producing asset in a thriving Connecticut market. The strong historical NOI and the potential for increased occupancy and rental rates make this a highly attractive investment for discerning buyers seeking a stable and growing income stream. Further investigation into the individual tenant leases and potential for property improvements is encouraged.