1842

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1842

Southington, CT 06489
Asking Price
$550K
Asset Type
Retail
Class
Class B

What's Special

1842 Meriden-Waterbury Turnpike is situated in Southington, Connecticut, within a high-traffic commercial corridor near the Cheshire town line. The neighborhood is characterized by a mix of established local businesses, national retail chains, and residential developments. The property offers convenient access to major transportation routes, located less than one mile from the Interstate 84 interchange, which connects the area to Hartford and Waterbury. Nearby amenities include various dining options, fuel stations, and regional shopping centers that drive consistent consumer vehicle trips past the site. The property is suited for a range of retail use cases, including specialty boutiques, service-oriented businesses, or satellite locations for regional franchises. The ideal tenant profile typically includes small-scale retailers, professional service providers, or health and wellness practitioners seeking visibility along a primary arterial roadway. The location's proximity to both suburban residential pockets and highway commuters provides a diverse customer base suitable for businesses requiring high brand exposure and ease of access for local residents.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

Location & Travel Times