This is my foray into the world of suburban house hunting and my endless battle with normalcy and sameness.
Wednesday, December 17, 2014
125 West Main Street, Plainville, CT 06062
Uh, what!? Convert the basement to a loft apartment & let the two businesses pay the mortgage! 125 West Main Street, Plainville, CT 06062
$199,900 13,200 SF | Retail
+/- 7,200 SF Brick building with first floor (+/- 5,000 SF) leased to fitness center. Second floor (+/- 2,200 SF) leased to photographer. Additional +/- 6,000 SF basement vacant represents substantial upside income potential. Storm 3 years ago flooded basement, flooring repairs needed. Current NOI is $30,000 per year (15% Cap Rate) with substantial upside. Priced for a quick as is sale. Tenants pay their own utilities. Contact Tom Boyle
Downtown area of Plainville. In area of mixed commercial uses.