Property Listing No Longer Available for Sale

168 Center Street, Southington, CT

Office for Sale - $3,000,000 - 116,945 Sq. Ft. on 3.43 acres


Property Info

CIMLS#765636
Location
  168 Center Street
  Southington CT 06489
UpdatedDecember 8th, 2014
TypeOffice
Price$3,000,000
Building116,945 Sq. Ft.
Land3.43 acres

Property Description

The subject property consists of two converted former mill style buildings situated on 3.43 acres ideally located on Center Street in the Central Connecticut town of Southington. Currently, the complex is a mix of office, manufacturing and retail space totaling 116,945 square feet. It is situated in the center of an area of Southington undergoing a strong revitalization. The property, currently known as Factory Square, was originally built in 1883 and occupied by Southington Tool Manufacturing. Multiple additions to the property were built between the period of 1930 - 1960. The building was converted into a mixed-use property by the current owners in 1985. The complex consists of two buildings, a 100,369 square foot two and three story former factory building and a 16,585 square foot one story single tenant building. RM Bradley has been retained by the owner to market the property for sale.

INVESTMENT HIGHLIGHTS

Price - $3,500,000 $3,000,000

A 100,369 square foot multi-use multi tenant former factory building that currently is over 80% leased

A 16,585 square foot single story building currently being occupied by a single tenant for light manufacturing and is 100% leased

Little to no deferred maintenance

All roofs recently replaced

Floor plate accommodates a potential conversion to residential units

20 minutes from Hartford


Financials


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