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2nd Floor - Unit 1H
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Office
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880 SF
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$165,000 USD
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Unit Size: 880 SF
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Condo Use: Office
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Price: $165,000 USD
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Sale Type: Investment
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Price/SF: $187.50 USD
Sale Notes
Excellent investment opportunity in Glastonbury. 160 Oak Street, Unit 1H is a commercial condo occupied by a long-term driving school tenant, making it an attractive option for an investor seeking steady income, minimal day-to-day management, and a relatively low price point for entry into commercial investment ownership. The property generates $11,914 net income, with the tenant paying all utilities and covering the first $1,000 in repairs. The owner is responsible for taxes, insurance, and monthly association charge of $234.94, which include water, sewer, and restrooms. Strong tenant, long-term lease, dependable income, and an accessible entry price make this a solid addition to an investment portfolio.
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Mike Rethis
Coldwell Banker Realty
