Three building mixed use income property on high traffic Route 66 in Portland's prime B 2 commercial corridor.
| Website: | https://www.nestseekers.com/5582690 |
|---|---|
| Address: | 189-201 Marlborough Portland, CT 06480 |
| Ownership: | Commercial |
|---|---|
| Type: | Commercial |
| Bathrooms: | 1 |
| Area: | 8000 sq ft |
Financials
Price:$1,200,000
Annual Taxes:$11,468
Description
Three-building mixed-use income property on high-traffic Route 66 in Portland's prime B-2 commercial corridor. Currently occupied by two national tenants - Subway Restaurant (197 Marlborough) and State Farm Insurance (201 Marlborough, ground floor) - plus a residential dwelling (189 Marlborough) . All active leases are gross with tenants paying their own utilities, delivering a clean, low-expense income stream. Current NOI: $82,757 | Cap Rate: 6.9% at ask.
Amenities
- Central Air
- Elementary School -
- High School -
- Intermediate School -
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Shay Hugo Vaezzadeh of Oxford Realty | |
