Connecticut Retail

662 Portland-Cobalt Rd Listing
Portland, CT
# Multi-tenant Retail Plaza Rare opportunity to own multitenant retail plaza with prime visibility on Rt. 66.662 Portland Cobalt Rd is available for sale or lease. The plaza is available for $985 ,000.00 and includes a 10,288sf building plus turn key mini golf business. Ample parking. Street signage. New roof. Building is on 1.33 acres with [additional 1.27 abutting acres available](http://www.colliers.com/en-us/hartford/properties/p-usa1016966/127-acre-site-for-sale) on Portland Cobalt Rd for superior frontage. One long term tenant in place and multiple suites available for lease. Seller financing for qualified buyers. Bring offers. **AVAILABLE FOR LEASE: ** **MINI GOLF.**   Turn key, established business including bounce house, replacement carpets for the greens, and trailer for storage and advertising. $2,000.00/mo + utilities. (Complimentary ice cream shop possible for $895/mo + utilities.)  **RESTAURANT.  **  Turn key restaurant for lease including new hood and all equipment, furniture, etc. 20' frontage on Rt. 66. Needs cleaning but ready for operation. Great natural light in dining room. Handicap accessible. $2400/mo.  **RETAIL. **   Approximately 4,1OOsf available for lease with 90' frontage on Rt 66. Currently gutted to the studs and ready for the design of your choosing. Could also take adjacent 800sf of former ice cream shop in similar condition for additional frontage. 3 bathrooms, possibility to raise ceilings, 20' column span. $3600/mo + utilities. Also 800sf former ice cream shop available. Needs renovation. Good complimentary use to mini golf. $895/mo + utilities.  **OFFICE. **   Approximately 1,144sf of office on second floor. Access via stairs in front of building or direct access in rear. Shared bathroom. Open floor plan with one demised office. Bright natural light. $800/mo + utilities. Features - 10,288 SF - Seller ™financing available - Ample parking - Street signage - 9 cap based on proforma ™figures - New roof - 1.33 acre site with 1.27 abutting acre for sale

Connecticut

Office Space Market Report

Number of Listings (last 90 days)
887
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,200
As of: December 7, 2016

Connecticut Rates

The typical asking rate per listing is in the $20's per square foot per year. The Connecticut submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

Connecticut Listing Supply

In the last 90 days, 887 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the listings in the Connecticut are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1979 and are Class A.

Connecticut Community

Market Report

Trends and status of the commercial real estate market in Connecticut.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Connecticut.
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