Location Location Location Prime Downtown Newington… — Sale in Newington, CT

  • Price: $450K
  • Listing type: For sale
  • Asset type: Office
  • Location: Newington, CT 06111
  • Size: 3,112 SF
  • Year built: 1950

Investment Figures

Price per square foot
$145
Price per unit
$450,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Your opportunity to own an rarely available business location in Downtown Newington is finally here. The current owner has owned this well cared for building since 1967 and is Retiring after 55 years in this location. The downtown Newington commercial district is a bustling location with many restaurants, medical, retail and personal services businesses. This high visibility location is easy access from Berlin Turnpike, Route I91. Formerly a Dry Cleaner and would make a great location for any business owner looking for a spot in downtown with high visibility. Can be used for any office, retail or possible restaurant use with Town approvals. Potential for subdividing space into an additional 2-3 units would need approvals. Initial Environmental Evaluations have been completed and available with a fully executed LOI or Purchase Contract during Due Diligence period. Total square foot of retail area per town of Newington Property Records is 3,313 square foot. THis location is rght off Main Street in the heart of Downtown Newington. This area rarely has avaialbe space and commands great market rates for both sales and leases. Area is easily converted into two spaces for an Owner Occupant to supplement income by renting out a portion of the building and using the balance for his busienss. There is possibility to Lease with option to purchase. Building SF: 3112 | Land Size: 0.16 Ac | Year Built: 1950 | Listing Type: FOR SALE

Market Context

This office in Newington, CT is listed for sale at $450,000 across 3,112 SF ($145/SF). The building dates to 1950. It has been on the market for 71 days. Compare it against other office listings for sale in Newington, CT — view the full market.

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