commercial
8,000 SF
189-201 Marlborough Street
Portland, Connecticut 06480
Price
$1,200,000
Price/SF
$150.00/SF
Building Size
8,000 SF
Lot Size
0.61 acres
Year Built
1947
Units
3
Property 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.
Additional Details
Zoning
B2
MLS Number
24185553
Property ID
9b8ba58e-c735-4024-99f2-7ca652a05ea6
MLS Information
MLS#: 24185553
Listed by: Oxford Realty
Agent: Shay Hugo Vaezzadeh • (225) 288-4109 • shay@oxfordrealtyco.com
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