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141 Main St

36,000 SF 100% Leased Retail Building New Hartford, CT 06057 £2,589,685 (£72/SF) 7.10% Net Initial Yield

Investment Highlights

  • This property features excellent exposure all year long.
  • This offering includes a healthy roster of tenants along with a long-standing grocery store business.

Executive Summary

Highly successful, long-standing grocery store and property for sale in New Hartford, CT. At 28,000 plus square feet the store was recently remodeled and is New Hartford's neighborhood store selling groceries, baked goods, frozen foods, meats, deli items, and health and beauty products. The grocery store must be sold as a package. Land and business will not be separated. Inventory is not included and will be traded on a dollar-for-dollar basis. The property has a healthy roster of tenants led by a freestanding Northwest Community Savings Bank building on an outparcel. Inline tenants include longtime New Hartford businesses Marandino Spirit Shop and New Hartford Diner. The center also features an Asian restaurant, a dance studio, and a smoke shop. New Hartford is known as a Town for All Seasons. The Farmington River boasts a tubing ride across the street from the property as well as some of the best trout fishing in the State. Ski Sundown draws from all corners all winter long. Falls are for leaf peepers and antique hunters and summers are spent on one of the cleanest bodies of water, the spring fed West Hill Pond as well as numerous summer camps in the area. Lastly, 291 homes seeking approvals to be built on land that surround the property! An excellent business and property opportunity awaits you in New Hartford.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,000 SF
Building Class
C
Year Built
1967
Price
£2,589,685
Price Per SF
£72
Net Initial Yield
7.10%
NOI
£183,794
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Land Acres
8.00 AC
Zoning
B-2 - Business Zone
Parking
135 Spaces (4.44 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NHAR-000044-000013-000020B
Land Assessment
£174,584
Improvements Assessment
£972,905
Total Assessment
£1,147,489
  • Listing ID: 31389812

  • Date on Market: 02/04/2024

  • Last Updated:

  • Address: 141 Main St, New Hartford, CT 06057

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