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485 Willard Ave
Newington, CT 06111
Building 3 · Office Property For Sale


EXECUTIVE SUMMARY
O,R&L Commercial presents a lucrative investment opportunity at 485 Willard Avenue with this 4,500± SF 1-story retail/medical condo in Newington, CT. Boasting a 9.9% CAP rate and $113,953 NOI, this property offers a steady income stream. The building, constructed in 2009, is leased to Total Vision through 10/31/2029, ensuring a stable tenancy. With excellent visibility on Alumni Rd and Willard Avenue, 50± parking spaces, and easy access to I-84 and Route 9, this property is strategically located for maximum exposure. Featuring three individual 1,450± SF condos, this space is versatile and suitable for a range of businesses. Mechanical features like 100% AC and natural gas heating enhance tenant satisfaction. Moreover, being in a highly trafficked area with 15,000± ADT, this property is primed for success. Don't miss out on this prime investment opportunity at 485 Willard Avenue - a property that perfectly combines location, stability, and potential for growth.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,500 SF
Building Class
B
Year Built
2009
Price
$1,590,898 CAD
Price Per SF
$353.53 CAD
Cap Rate
9.90%
NOI
$157,499 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,500 SF
Building FAR
0.02
Lot Size
6.00 AC
Zoning
CD
Parking
50 Spaces (11.11 Spaces per 1,000 SF Leased)
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