- Square Feet 22,310
- Year Built 1961
- Acreage 1.78
Amodio & Co has been exclusively retained to sell 259 Woodford Avenue, Plainville. This multi-building property on 1.78 acres features a great combination of warehousing/storage space & office.
The property is perfectly suited for a single user occupancy or multi tenant rental income! The buildings can be divided into 16 individual rental units, at minimum.
Estimated NOI of entirely rented property at average rate of $5.00/SF/YR NNN, total annual NOI would be: $111,5501. The resulting valuation at a 9.0% cap rate would be $1,239,444. We estimate that actual $/SF rental rate could be higher, with smaller rental unit sizes.
Multiple drive-in grade doors and loading docks service the buildings. Ideal for contractor storage units (i.e.: plumbers, electricians, HVAC, etc). Spaces are easily dividable. Plenty of power and great highway access to I-84 and Rt-72 & Rt-9.
Property is located in an "aquifer protection zone", but current owner has certificate grandfathering uses at the property which are prohibited at other properties in the zone, benefiting new owner to use without restrictions.
Located in the center of Connecticut, ideally positioned 1-minute from I-84, Rt-72 and Rt-9.