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Perry Plaza - Active - For Sale as Best Offer 1173 Queen St 13,818 SF 67% Leased Retail Building Southington, CT 06489 $1,950,000 ($141.12/SF) 10.79% Cap Rate




EXECUTIVE SUMMARY
The building consists of a 1969 built inline retail center with seven suites and two vacancies. The building consists of 13,718 square feet of leasable square footage and all the suites are built-out for intended uses. One of the suites is built-out with a turn-key restaurant delivery with equipment costing a total of $400,000. The restaurant build-out and equipment is available for purchase. The end-cap on the south side of the building is built to shell condition and is available for lease. Most of the tenants have been in the center for a period of years and plan to remain. The center is offered for lease or for sale as improved. Please call Kenneth Labbe/Pyramid Real Estate Management (PREM) - C860-891-8551 Desk - 203-391-6805 klabbe@pyramidregroup.com
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,818 SF
Building Class
C
Year Built
1988
Price
$1,950,000
Price Per SF
$141.12
Cap Rate
10.79%
NOI
$210,500
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.86 AC
Zoning
B
Parking
50 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
175’ on Queen
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | SOUT-000204-000000-000009 | Improvements Assessment | $423,590 |
Land Assessment | $224,110 | Total Assessment | $647,700 |
PROPERTY TAXES
Parcel Number
SOUT-000204-000000-000009
Land Assessment
$224,110
Improvements Assessment
$423,590
Total Assessment
$647,700
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Perry Plaza - Active - For Sale as Best Offer | 1173 Queen St
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