For Sale
$1,975,000

898 Silas Deane Hwy Wethersfield, CT 06109

High-yield, fully leased shopping center in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 18,434 square foot shopping center, located at 898 Silas Deane Highway in Wethersfield, Connecticut (zip code 06109), presents a compelling investment opportunity. The property, a two-story, multi-tenant retail plaza, boasts five units currently operating at 100% occupancy, generating a strong cash flow. Built in 1967 and extensively renovated in 2022, this Class A retail space features a brand new roof and updated mechanical systems, minimizing future maintenance needs and maximizing passive income potential. The stabilized investment, categorized as a value-add opportunity, is offered at $1,975,000, translating to a price per square foot of $107.14. Leases are structured on a gross basis, simplifying management. Situated in Hartford County, this property benefits from its high-traffic location on Silas Deane Highway, ensuring consistent visibility and accessibility for tenants and customers. The recent 100% lease-up demonstrates the strong demand for retail space in this desirable area. This is an ideal investment for those seeking a low-maintenance, high-return property with significant upside potential.

Highlights

  • 18,434 SF shopping center in Wethersfield, CT (06109).
  • Two-story, multi-tenant retail plaza with five units, 100% occupied, generating strong cash flow.
  • Class A retail space, built in 1967, extensively renovated in 2022, featuring a new roof and updated mechanical systems.
  • Offered at $1,975,000 ($107.14/SF), a value-add opportunity with gross leases.
  • High-traffic location on Silas Deane Highway in Hartford County, offering excellent visibility and accessibility.

Property Details for 898 Silas Deane Hwy

Property type
Lifestyle centers, Power centers
Square Feet
18,434 SF
Year Built/Renovated
1967/2022
Stories
2
Units
5

Location Insight

City
Wethersfield
County
Hartford
State
Connecticut
Latitude
41.6989504
Longitude
-72.6579785

FAQs

What type of property is this?
Lifestyle center - High-yield, fully leased shopping center in prime location.
Where is the lifestyle center located?
The property is located at 898 Silas Deane Hwy Wethersfield, CT.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 18,434 SF shopping center in Wethersfield, CT (06109).; Two-story, multi-tenant retail plaza with five units, 100% occupied, generating strong cash flow.; Class A retail space, built in 1967, extensively renovated in 2022, featuring a new roof and updated mechanical systems.
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898 Silas Deane Hwy
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