245 Summer Street

Prime Investment Opportunity! Unlock the full potential of this exceptional commercial property located in the heart of Southington. Situated on a well-positioned lot, this income-generating asset includes three existing structures with solid rental history and Town-approved plans (2007) for a fourth building to significantly boost future income. Property Highlights: 5-Tenant Commercial Building (Built 1950) Fully leased to long-term tenants generating $3,850/month with significant upside potential through rent increases. Excellent visibility and access make it ideal for retail/office/industrial space. 15 Garage Units (Built 1980) Spacious 20x10 units, currently earning $2,485/month. Consistent demand and stable occupancy. 10 Garage Units (Built 2005) Also 20x10 in size, these newer units generate $1,665/month, providing reliable passive income. The Town of Southington has previously approved plans for a 4th structure on the property, offering up to 5,000 SQFT of warehouse space with additional commercial storefronts. Ideal for expanding income potential or attracting new tenants in the booming small business and logistics sectors. Financials & Potential: Current Gross Monthly Rent: $8,000/month Projected Gross Monthly Rent after Stabilization: Over $17,000/month. Don't miss this chance to capitalize on Southington's thriving commercial market!