For Sale

Asking Price: $1,200,000
17 North Main St., Marlborough, CT 06447

Property Highlights

  • Building Size: 3,430
  • Cap Rate: 7.5%
  • Lot Size: .78 Acres
  • Type: Retail

17 N Main Street is a +/-3,530-square-foot mixed-use property consisting of two luxury two-bedroom apartments above one of the nicest restaurants in Hartford County, Zina’s Cucina, on a long-term NNN lease.  
 
The property was built in 1952 and completely renovated in 2021. During the renovation, ownership essentially ripped the property down to the studs and rebuilt it to adhere to the county’s newest building code. The property’s renovations include a brand-new roof, mechanicals, new windows, a façade, an outdoor dining patio, new plumbing, a parking lot, and new electrical. All the revitalized spaces and designs originated from a renowned interior designer, Design Your Monday.
 
The two luxury apartments have varying aesthetics but provide the occupants with a cozy and modern environment. One of the units has an industrial-luxury theme, while the other has a modern-luxury theme. The building’s high-end finishes are complemented by the leathered granite finishes, floating vanities, custom kitchens, high tray ceilings, and radiant heated floors in each bathroom. Each unit is accessible by newly installed Trex-staircases, which are surrounded by professionally maintained landscaping.
 
Potential owners will be able to take a hands-off approach when managing this investment. The restaurant signed a 10-year term and gained immense popularity throughout the county. Their investment of over $300,000 has demonstrated an unwavering commitment to the location and the community With recent renovations, two upstairs apartments have very little turnover and allow an owner to manage their investment from any location. The mixed-use property is right off the main thoroughfares that connect to Route 2, the state highway in Hartford, and New London counties in Connecticut. Its prime location makes it a convenient commute for tenants and customers. 17 N Main Street is a reliable investment that provides owners with an immediate cash injection and will prove reliable with a long-term holding strategy.
 
Property tours are available by appointment only. 



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DISCLAIMER: Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties are subject to change or withdrawal without notice.

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