October 19, 2023 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of a vacant commercial building in Willimantic, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $185,000.
The vacant commercial building is located at 787 Main Street in Willimantic, Connecticut. The Property contains a 7,469 square foot, single-story building on a 0.24-acre parcel. 757 Main Street is zoned Downtown Business District “B1” and is in close proximity to other businesses and retailers that drive traffic to the area. The zoning regulations allow for a variety of uses including retail, restaurant, office, and entertainment offering a unique opportunity for an owner-use or investor to move a business into a well-positioned location. A more detailed overview of the zoning regulations is provided later in the Offering Memorandum. The Property is well located along Main Street (CT Route 66), the area’s primary commercial corridor, adjacent to the signalized intersection of Main Street and North Street in the center of downtown Willimantic and benefits from strong frontage and visibility. The location is 1.5-miles from US Route 6, the area’s primary commuter corridor, and is just 0.7-miles from Eastern Connecticut State University. The Property is surrounded by municipal offices, area schools, businesses, and national retailers and restaurants driving traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.