977 Hartford Turnpike

Waterford, Connecticut 06385

Status
For Sale
Square Feet
4,322
Beds
0
Price
$500,000
Type
Commercial For Sale
Garages
Baths
4
MLS
24064116

Price

$500,000

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Interior Details

Interior Size
4,322 Sq Ft
Bedrooms
0
Bathrooms
4
Rooms Total
Garage

Exterior Details

Lot Size
1.50 Acres
Roof
Asphalt Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Central Air

Other Information

Property Tax
$7,328
Assessed Value
$328,620
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

Mixed-use property on Hartford Turnpike "85" With a high traffic count between 95 and 395 interstates. This Waterford location is convenient to most major shopping stores and new developments on 85 including medical centers. The commercial space is currently leased with annual increases until 2026 for renegotiations. There is a Handicapped accessible ramp into the common space with a waiting area reception space, 2 private offices, and a half bath. The second floor has 3 spacious offices. The property is zoned I-G and is currently a publications office. The residential unit has been completed and updated with fresh modern details. There is a grand staircase in the foyer. The formal dining room has tray ceilings, and the kitchen is a chef's dream fully applianced, with double ovens and a large granite Island. The living room is connected in this open concept Floorplan, the parlor leads to the formal living room that is now an entertainment space. The new deck is off the kitchen with a hot tub that can be negotiated. Upstairs you will find 3 spacious bedrooms and a primary ensure with a jacuzzi tub. Separate stand-up shower and a large walk-in closet. This residential space can come completely furnished for an additional cost. This has been a lucrative Airbnb Str rental. Gross earnings for residential in 2024 were $41,760. The commercial Rent for 2024 is $22,932 totaling $62,692 year to date. Lease and earnings are available upon request.
Listed by Coldwell Banker Realty, Nancy Potts. Data sourced from SmartMLS

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