1 West Main St
Stable In-place Income PLUS Lease-up Opportunity | Clinton, CT
Marketing description
O,R&L Commercial is pleased to offer 1 West Main Street for Lease or Sale, a mixed-use building ideally situated in the center of historic Clinton, CT. The building is well maintained and offers flexible space configurations suitable for a variety of retail or office uses. There is presently 2,999 SF of contiguous retail / office space available: suites of 1,304 SF Retail Office on 1st floor and 1,695 SF of Retail Office space on the lower level. The property is positioned at a signalized intersection with excellent visibility and walkability in a high-traffic location with strong local demographics and seasonal tourism. A second parcel, included in the asset, provides off-street parking for both tenants and patrons.
This property is available for Sale offering stable in-place income with significant upside through lease-up of the remaining space. Currently 75.8% occupied, the asset features a well established tenant mix including the renowned local restaurant Nataz and professional office tenants. Call Listing Brokers for additional information. Investment Sale Price: $1,999,999 | Lease Rate: $17/SF NNN
Investment highlights
12,399 SF Mixed-Use Commercial Building
75.8% Occupied | 2,999 RSF Available for Lease
Restaurant Tenant - Nataz and Two Office Tenants in Place
Built in 1923, Renovated 2018
Two parcels - 0.20 Acre and 0.26 Acre Used for Parking
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