74 Spring StSouthington, CT 06489

This exceptional 112,213-square-foot industrial property, located at 74 Spring Street in Southington, Connecticut, presents a compelling investment opportunity. The property, situated on a 5.4-acre lot, features a single-story warehouse and manufacturing space with 18-20 foot ceilings, built in phases between 1965 and 1997. Currently operating as an owner-user with one additional tenant, the property boasts a 50% occupancy rate, with a lease term of 2 years remaining for both tenants. The building is constructed of 100% block and includes six loading docks, plus one drive-in door, with the potential to reopen two additional blocked-off drive-in doors. The property is zoned I-1 and enjoys excellent access, with a traffic signal directly in front and a quarter-mile proximity to I-84, providing convenient access to major transportation routes. Its strategic location offers easy access to both Boston and New York City, making it an ideal distribution hub. The asking price is $18,000,000, translating to $160.41 per square foot. The property is offered under a NNN lease structure. The occupancy date for the currently vacant space is September 12, 2024.