Prime Retail “Value-Add” Opportunity in Willington, CT

15 River Rd Willington, CT 06279

15 River Rd, Willington, CT, 06279
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FOR SALE
Property Type:
Street Retail
Amount:
$1,450,000
Last Verified:
Mar 25, 2025

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Highlights

  • - Very busy main road RT32 / High visibility leading into the campus of the University of Connecticut ( UConn ) Main Campus
  • - Additional 5,000 sqft of unfinished basement area that could be used as a storage area for tenants.
  • - Approved outdoor patio attached to current bar/restaurant space.
  • - Large oversized parking lot for events or additions to the building.
  • - Double lot sale: Riverside access! With easement in place.
  • - Both parcels butted up against the railroad. ( possible uses )
  • - Great value add opportunity - Build additions onto the building or modernize the site to support local economic development.
  • - Right down the street from the infamous Willington Pizza restaurant.

Description

Discover an exceptional investment opportunity in the heart of Willington, CT, along the bustling Route 32 corridor! This 6,019 SF multi-tenant retail property is strategically positioned to capitalize on the dynamic growth of the area, with unparalleled proximity to the University of Connecticut (UCONN) main campus and high-traffic highway access points.

Currently composed of four versatile units, this property is perfectly suited for retail ventures or businesses catering to the local and collegiate communities. Its DC (District Commercial) zoning unlocks a broad spectrum of possibilities, offering a canvas for investors to reimagine and maximize its potential. Whether you’re looking to attract national retailers, create a vibrant community hub, or expand your portfolio, this property provides the foundation for success.

Key Features:
• Location, Location, Location: Situated on the busy Route 32, this property enjoys exceptional visibility and accessibility, making it a prime retail destination.
• Growing Market Potential: Positioned in a rapidly developing area with an influx of students, residents, and businesses drawn to the proximity of UCONN’s main campus.
• Value-Add Opportunity: Ideal for investors seeking to enhance property performance through strategic updates, re-tenanting, or repositioning.
• Flexible Space: Multi-unit configuration allows for a diverse tenant mix, driving consistent income and long-term growth.

This property represents the pinnacle of retail investment potential in a thriving market. Don’t miss your chance to secure a prime asset that blends location, versatility, and upside potential. Transform this opportunity into a cornerstone of your commercial real estate portfolio today!

A vibrant Investment opportunity awaits at 15 River Rd, Willington, CT, in the Busy RT32 area! This quintessential New England town offers an idyllic blend of countryside and modern charm, attracting a steady stream of visitors and locals alike. Located within reach of major cities like Hartford and Providence, 15 River Rd provides a prime location for retail and street retail investment. The nearby University of Connecticut (UCONN) main campus brings a youthful energy to the area, while the picturesque Willimantic River and surrounding natural beauty create an inviting backdrop for businesses. With its strategic position and appealing surroundings, this property is poised to become a standout retail destination supporting locals and the college community. Newly zoned (SWV) South Willington Village Mixed Use Zone, Opening up a new variety of possibilities. Easement in place for the rear lot.


Year Built: 1969
Building Size: 6019sq ft
Lot Size: 6.09 acres


Documents

Sale Flyer

Map of 15 River Rd, Willington, CT, 06279

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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