132 Main St Southington, CT 06489

This exceptional 14,478 square foot retail building, located at 132 Main Street in the heart of Downtown Southington, CT (06489), presents a compelling value-add investment opportunity. The property sits on a 1.03-acre lot and boasts 100% occupancy across eight units, including a Webster Bank anchor tenant with a newly installed three-lane drive-thru (completed in 2023). The building underwent a complete interior renovation in 2024, featuring new flooring, trim, lighting, and paint. The lower level offers multiple inviting units, while the second floor houses a thriving e-commerce company and a prestigious wellness business with eight private session rooms, showcasing custom woodwork and a built-in aquarium. The building features an ADA-compliant elevator and main lobby stairs. All leases are currently NNN, minimizing landlord responsibilities and ensuring immediate cash flow. Significant value-add potential exists through lease conversions to triple-net, development of the remaining 0.65 acres (zoned CB), one of the largest parcels in Downtown Southington, and potential cell tower installation. The property benefits from heavy foot and vehicle traffic on Route 10, and the Webster Bank tenant invested $300,000 in the new drive-thru. Built in 1940 and renovated in 2024, this property offers a blend of historic charm and modern updates, making it an ideal addition to any investment portfolio. The asking price is $2,450,000, representing a 7.40% cap rate and a price per square foot of $169.22.