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326 Route 87, Columbia, CT 06237
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$609,999
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Home Details for 326 Route 87 Route
Price
$609,999
Type
Commercial/Industrial
Total Bathrooms
2
Full Bathrooms
2
Year Build
1800
Sq. Ft.
5014
Lot Size
0.79
County
Tolland
Tax
$7,638
MLS®️ Listing#
24101784
On exitrealty.com
143 days
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.
- Heating Information
- Oil
- Forced Air
- Cooling Information
- Central Air
- Water Features
- Public
Listing Courtesy: Berkshire Hathaway NE Prop. - (860) 918-3945. Presented by: Robyn Letourneau
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