448 Spring Street

Rare Opportunity to own a 2,500 SF brick retail and office asset located 1.8 miles to Bradley International Airport. The asset is .5 miles to Rt 75. A primary location that benefits from a high traffic count and an abundance of parking for the operation of successful businesses. The retail office plaza has 3 spaces that are currently occupied: by a CPA paying $750/month; a Hair Salon paying $1315/month; and, an Automotive Business leased at $1500/month, including massage tenant. The tenant pays heat, hot water and electric. The landlord pays for insurance and snow removal. The tenants pay on time and do not have any arrears. The property is well maintained and has capital improvements made that include the parking lot being paved and the garage/bay door has been replaced. The garage "outbuilding" included in the property contains two large bays which could be used for a multitude of businesses and or storage, 1000 square footage approximately. There is value add potential through increasing rents. The asset is located across the street from Spring Park and is surrounded around many long term businesses. Please do not visit this asset without the listing agent. The Actual Income and Expenses are attached to the listing.