5
See all 5 photos
$1,200,000
Est. payment /mo
1 Bath
8,000 SqFt
New
189-201 Marlborough Street Portland, CT 06480
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $150
MLS Listing ID 24185553
Full Baths 1
Year Built 1947
Annual Tax Amount $11,468
Lot Size 0.610 Acres
Property Description
Three-building mixed-use income property on high-traffic Route 66 in Portland's prime B-2 commercial corridor. Currently occupied by two national tenants - Subway Restaurant (197 Marlborough) and State Farm Insurance (201 Marlborough, ground floor) - plus a residential dwelling (189 Marlborough) . All active leases are gross with tenants paying their own utilities, delivering a clean, low-expense income stream. Current NOI: $82,757 | Cap Rate: 6.9% at ask.
Location
State CT
County Middlesex
Zoning B2
Interior
Heating Gas on Gas
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Other
Building
Sewer Public Sewer Connected
Water Public Water In Street
Listed by Shay Hugo Vaezzadeh • Oxford Realty
NEARBY SCHOOL & BUSINESS
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