Mixed-Use

25A Falls Road

Listing Price: $425,000

Cap Rate
3.07%
Number of Suites
10
Gross SF
21,026
Rentable SF
800
Price/Gross SF
$20.21
Lot Size
2.00 acres
Year Built
1970

Investment Overview

THE OFFERING
Marcus & Millichap is pleased to offer this exclusively listed for sale 21,026 Mixed-use property in Middlesex County, Connecticut. The property consists of three separate buildings on approximately 2.0 acres and historically has enjoyed long-term tenancy. The lot is level with the street providing it with high visibility from the main thoroughfare Route 149/Falls Road and provides an easily accessible private parking lot.

THE OPPORTUNITY
Strong location with a solid history of occupancy, longevity of tenants, and under-market rents. East Haddam, CT is quintessential scenic New England. The town covers 56.6 square miles, including the village of Moodus and five other distinct areas east of the Connecticut River. The village of Moodus encompasses about three square miles with a population of about 1,400 people. In addition to the well-known attractions and outdoor recreation areas, the area boasts many historic homes, scenic views, preserved open space, country roads, unique small businesses, and other local treasures. East Haddam is located in central-eastern Middlesex County, 26 miles northeast of New Haven, 24 miles southeast of Hartford and 20 miles northwest of New London.

Strategic Location: The property has optimum visibility from Route 149/Falls Road yet offers easy parking lot accessibility just off of the heavily traveled Route 149, making entry more convenient. The buildings are situated on top of a level lot with signage directly visible from all directions.
Desirable Opportunity: This is a rare opportunity to acquire a coveted parcel in a desirable area. A new owner has several options for ownership. The property as-is can be leased-up, buildings can be repurposed, or the property can be redeveloped.
Strategic Ownership: The location offers substantial growth potential making this an ideal long-term hold for an owner. Conversely, the value-add component offers the opportunity to increase tenancy, stabilize, and dispose of.

Investment Highlights

  • $121,979 average Household Income within 1 Mile Radius
  • Close Proximity to State Parks and Attractions, Connecticut River, and Salmon River
  • Mixed Use Property consisting of Three Separate Buildings
  • Retail 17,026 SF | Office 3,200 SF | Industrial 800 SF | Total of 21,026 SF
  • Value-Add - Significant Upside

Exclusively Listed By

Financing By

Listing Price: $425,000

Cap Rate
3.07%
Number of Suites
10
Gross SF
21,026
Rentable SF
800
Price/Gross SF
$20.21
Lot Size
2.00 acres
Year Built
1970

Investment Highlights

  • $121,979 average Household Income within 1 Mile Radius
  • Close Proximity to State Parks and Attractions, Connecticut River, and Salmon River
  • Mixed Use Property consisting of Three Separate Buildings
  • Retail 17,026 SF | Office 3,200 SF | Industrial 800 SF | Total of 21,026 SF
  • Value-Add - Significant Upside

Investment Overview

THE OFFERING
Marcus & Millichap is pleased to offer this exclusively listed for sale 21,026 Mixed-use property in Middlesex County, Connecticut. The property consists of three separate buildings on approximately 2.0 acres and historically has enjoyed long-term tenancy. The lot is level with the street providing it with high visibility from the main thoroughfare Route 149/Falls Road and provides an easily accessible private parking lot.

THE OPPORTUNITY
Strong location with a solid history of occupancy, longevity of tenants, and under-market rents. East Haddam, CT is quintessential scenic New England. The town covers 56.6 square miles, including the village of Moodus and five other distinct areas east of the Connecticut River. The village of Moodus encompasses about three square miles with a population of about 1,400 people. In addition to the well-known attractions and outdoor recreation areas, the area boasts many historic homes, scenic views, preserved open space, country roads, unique small businesses, and other local treasures. East Haddam is located in central-eastern Middlesex County, 26 miles northeast of New Haven, 24 miles southeast of Hartford and 20 miles northwest of New London.

Strategic Location: The property has optimum visibility from Route 149/Falls Road yet offers easy parking lot accessibility just off of the heavily traveled Route 149, making entry more convenient. The buildings are situated on top of a level lot with signage directly visible from all directions.
Desirable Opportunity: This is a rare opportunity to acquire a coveted parcel in a desirable area. A new owner has several options for ownership. The property as-is can be leased-up, buildings can be repurposed, or the property can be redeveloped.
Strategic Ownership: The location offers substantial growth potential making this an ideal long-term hold for an owner. Conversely, the value-add component offers the opportunity to increase tenancy, stabilize, and dispose of.

Exclusively Listed By

Financing By

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