40
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$609,999
Est. payment /mo
2 Baths
8,295 SqFt
New
326 Route 87 Columbia, CT 06237
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,295 sqft
Price per Sqft $73
MLS Listing ID 24101784
Full Baths 2
Year Built 1800
Annual Tax Amount $7,338
Lot Size 0.790 Acres
Property Description
Historically known as the "Landmark Building" in the charming town of Columbia, this retail/ Office building is beautifully located at the signaled intersection of Route 87 and Route 66. This Bucolic location brings serene surroundings, plenty of parking, and additional land for future opportunities with endless Economic Development potential. Whether you're a user for your small business or an investor considering expansion, this Columbia gem is the perfect fit. Don't miss your chance to own a slice of classic New England charm! Stable tenant mix, with renewals, and 'M' zone allows professional, retail, and personal service uses. BRAND NEW HEATING SYSTEM low CAP x. Gross Rent: $66,900 (incl. $65,100 rent roll + $1,800 other income) Expenses: $8,700 NOI: $58,200 Pro Forma (Fully Leased Market Performance) Stabilized Rent: $99,900 NOI: $91,200 17,000+ cars per day based on 2020 traffic counts. **NEW EV CHARGERS ON SITE.
Location
State CT
County Tolland
Zoning RA
Interior
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Awnings, Gutters, Lighting, Pole Sign, Door Sign
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Septic
Water Public Water Connected
Listed by Robyn Letourneau • Berkshire Hathaway NE Prop.