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


Description

+/- 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.

http://www.city-data.com/city/Plainfield-Connecticut.html
http://en.wikipedia.org/wiki/Plainfield,_Connecticut