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  • 130 Old Town Road, Vernon, CT 06066
  • $749,000
  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 0 Half BathroomHalf Bathrooms
  • 28,000 Sqft
  • Sold On

130 Old Town Road, Vernon, CT 06066

  • Open House
  • New Listing

$749,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 28,000 Sqft
  • Commercial
  • Active
  • MLS# G10230105
  • Sold On
0 More Schedule
  • Price Reduced$46,000

Property Information 130 Old Town Road

  • MLSG10230105
  • Zip Code06066
  • TypeCommercial
  • Sq. Ft.28, 000.00
  • Parking Parking Lot
  • HeatingHot Air
  • WaterPublic Water Connected
  • SewerPublic Sewer Connected
  • Year Built1961
  • Acreage2.0100
  • Estimated Taxes$16, 543
  • Assesment$604, 180
Tremendous opportunity for a business owner or investor. Currently available space for a new owner includes 5,000 sq ft of light industrial/storage space and 5,000 sq ft of office space on the 2nd level. Use the space your business needs and rent the remaining, or ideal for a business that needs both office and industrial space. With a new tenant coming in, 2018 monthly rental income is projected at $9,675 which could greatly reduce the cost of purchase. For investors, 2018 net income is now projected to be $66,690. Property offers further upside with additional leases or subdivision of remaining available space. Owner estimates potential cash flow of $128,500 per year in 2020, once remaining available space is leased. Existing tenants are all under long term lease agreements. Summary of income and expenses is available upon request. Great location with easy access to I-84, large parking area, many possibilities. Near Stop & Shop, Scranton Motors, Seraphin Ford and Rocky's hardware.


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About Vernon, CT


Sweeping farmlands, rolling hills and stunning lakeside vistas make up the local landscape of Vernon.

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Listing courtesy of: Keith Hovland, Keller Williams Realty  © 2018 Smart Multiple Listing Service Inc. All Rights Reserved.
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