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905-969 South Main St, Cheshire, 06410

Commercial/Investment - Investment, Retail For Sale

$17,500,000

Beds
Baths
81,992Sqft
9.17Acres
1987Built
108DOM
MLS® #: 170234437
Active, 108 Days on Market

We are pleased to present for purchase a +/- 81,050 square foot multi-tenanted shopping center on the south end of the affluent town of Cheshire, Connecticut. The tenant roster is distinguished by a fresh 10-year lease of 12,300 square feet to Goodwill. Other tenants of note include Advanced Auto Parts, Wayback Burgers, and the YMCA. The current vacancy rate is 21%, representing significant upside for the purchaser. There are 14.5 years remaining on the NN lease with four 5-year renewal options. The center hosts ten tenants on 9 acres with frontage on one of New Haven County's most-traveled roads, Route 10. Cheshire's population is +/- 30,000 people and its median income is +/- $110,000. The town is bordered by Southington, Wolcott, Meriden, Wallingford, Hamden, and Waterbury. Highway access to I-84 to the west, I-91 to the east, I-95 to the south, Route 691 to the north.

Essential Information

MLS® #: 170234437
Price: $17,500,000
Bathrooms: 0.00
Square Footage: 81,992
Acres: 9.17
Year Built: 1987
Type: Commercial/Investment
Sub-Type: Investment, Retail
Status: Active

Community Information

Address: 905-969 South Main St
Area: N/A
City: Cheshire
County: New Haven
State: CT
Zip Code: 06410

Amenities

Utilities: Electric, Gas
Parking: Parking Lot
Garages: Parking Lot

Interior

Heating: Natural Gas, Gas on Gas
Cooling: Central Air

Exterior

Lot Description: N/A
Roof: Built Up
Construction: Steel
Foundation: Slab

Additional Information

Date Listed: December 16th, 2019
Days on Market: 108
Zoning: C-3

Listing Details

Listing Office: Calcagni Real Estate

Financials

$/SqFt: $213

©2020 Listings courtesy of the Connecticut Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing data is deemed reliable but is not guaranteed accurate by the MLS.