189-201 Marlborough St, Portland, CT 06480

$1,275,000
1
BA
8,000
SqFt
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List Price
$1,275,000
Status
ACTIVE
MLS#
24185553
Price Change
▲ $75,000 1784754764
Year Built
1947
Bathrooms
1
Acres
0.61
Living Area
8,000
Neighborhood
N/A
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860-331-7230

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.

860-331-7230
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Additional Information

Taxes
$11,468
Lot Size
26,571
Heating
Natural Gas
Cooling System Type
Central Air
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Listing courtesy of Shay Hugo Vaezzadeh from Oxford Realty. (225) 288-4109 (203) 314-4219

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