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Property Detail

Albany Turnpike
163-175 Albany Turnpike is a prime mixed-use investment portfolio featuring eight building .
$2,325,000

Description

  • 163-175 Albany Turnpike is a prime mixed-use investment portfolio featuring eight buildings on over 6 acres with excellent Route 44 visibility.
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  • Receive income from a diverse tenant mix with local retailers, service businesses, and units in a thriving New England town 15 miles from Hartford.
  • With a scenic backdrop of mountainside views, the splittable portfolio includes Tower Farms Garden Center and three parcels on Albany Turnpike.
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  • Canton, Connecticut, blends natural beauty and historic charm, offering outdoor recreation opportunities and vibrant shopping/dining options.

Executive Summary

163-175 Albany Turnpike offers an unparalleled opportunity to acquire a prime mixed-use investment in the heart of Canton, Connecticut. The property includes eight standalone buildings across four deeded parcels on over 6 acres. With both paved and gravel surfaces, 163-175 Albany Turnpike presents excellent visibility along Canton’s main thoroughfare Route 44, ample on-site parking, excess land, and a scenic backdrop of forested mountains.

The development is accessible through a traffic light. 163-175 Albany Turnpike’s diverse tenant mix features local retailers, personal service businesses, and residents in primarily one-bedroom, one-bathroom units. This portfolio can be split into two parcels: Tower Farms Garden Center at 175 Albany Turnpike (2.01 acres), priced at $725,000, and the combined 163-171 Albany Turnpike parcels (4.077 acres), priced at $1.6 million.

Canton is a picturesque New England town about 15 miles northwest of Hartford, Connecticut, known for its natural beauty, rich history, and vibrant community. The town’s approximately 10,000 residents enjoy the Farmington River Trail, a popular destination for hiking and biking, and shopping and dining at The Shoppes at Farmington Valley, a regional retail destination. Combining historic charm, natural beauty, and modern amenities, Canton offers a high quality of life for residents and visitors alike.

163-175 Albany Tpke

Listing ID : 01002

SKU: 1002

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Price History

DateEventPrice
December 17 2024Listed$2,325,000.00