August 26, 2025 – Tim Hines and Michael Bradley of Horvath & Tremblay have arranged the sale of a twenty-one (21) unit mixed-use property in Terryville, Connecticut. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $795,000.
The multi-family property is located at 156 Main Street in Terryville, Connecticut. The Property is improved by a three-story mixed-use building and contains twenty-one (21) total units comprised of five (5) commercial units on the ground floor and sixteen (16), 1-Bedroom/1-Bathroom residential units on the upper floors with 15,246 square feet of gross area on a 0.35-acre parcel. The Property also offers ample on-site parking at the rear of the Property. The Property was delivered 100% vacant. The Commercial units offer significant upside through their lease-up, or via conversion to residential units. The Residential units have attractive layouts and offer the opportunity to renovate the dated units, in order to achieve market rates in a high demand, supply constrained residential market. The Property is well located along Main Street (US Route 6), the area’s primary commercial and commuter corridor. Positioned in the center of Terryville, the Property is seconds from the area’s restaurants, retailers, and grocers and provides convenient access to area schools. 156 Main Street is ideally positioned for commuters with quick and convenient access to Downtown Bristol and Downtown Thomaston and is close to CT Routes 8 and 72, providing access to western and central Connecticut.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.