505 Main StSouthington, CT 06489

Property Details for 505 Main St

Year built

1993

Construction

STEEL FRAME

Lot size

18.68 AC

Property size (Sq ft)

76,113 SF

Zone code

R-20/2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

SOUT M:122 L:053

APU

SOUTM122L053

Description

This exceptional retail opportunity is located inside a high-traffic Stop & Shop in Southington, Connecticut, offering a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. The 500 square foot space is ideal for businesses seeking strong foot traffic and exposure. This "Store-Within-A-Store" concept provides a range of benefits, including a strategically placed location for maximum customer interaction, leveraging Stop & Shop's consistent shopper flow to boost business growth. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities, simplifying operational costs. Branding opportunities are available, with both interior and exterior signage options for enhanced exposure. The property is situated in a thriving trade area with a desirable customer base. This location is perfect for businesses such as financial institutions, service businesses (like pack and ship or repair services), health and wellness providers, or insurance and real estate offices. Note that food and beverage services, restaurants, and smoke shops are prohibited uses. The property is located at 505 N Main St, Southington, CT 06489, in Hartford County.

• CAP approach

  CAP return

  Valuation

  6%

  $18,498,116

  6.5%

  $17,075,184

  7%

  $15,855,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,061,210

  Geo Method

  $25,061,210

• Alternative Use

  Use

  Valuation

  Residential

  $14,403,557

  Hospitality

  $13,193,580

  Educational

  $10,976,904

  Medical

  $11,354,417

  Retail

  $17,075,184

Location Insight

City

Southington

County

Hartford

State

Connecticut

Latitude

41.614

Longitude

-72.8722

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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