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375 E Cedar StNewington, CT 06111
375 East Cedar Street
Asset ClassSpecial Purpose, Healthcare Facility
Deal Size$2.2 M
Owned SF: 29,864Land: 1.77 AcresParking Spaces: 75 SpacesAccess Data Room
29,864 SF | Single Tenant Gym Owner-Occupied | 35,000 VPD
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 375 East Cedar Street in Newington, CT. The property is an existing 29,864 SF single-tenant building sitting atop 1.77 AC with 75 parking spaces. The property currently operates as a health club with interspace comprised of a fitness center, open sports area, racquet courts with vaulted ceilings, and ancillary medical office space that is turnkey. Additionally, the property features an outdoor inground swimming pool for current member access.

 

375 East Cedar Street is positioned at a high visibility location that sees 28,000 VPD, with immediate access to Route 15 (Berlin Turnpike), which sees 35,000 VPD. The area is home to national tenants such as Walmart, Target, Lowes, Sam’s Club, and Price Chopper.

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Investment Highlights

HIGH VISIBILITY SITE WITH STRONG ACCESS

The asset is positioned in a high visibility site along East Cedar Street (28,000+ VPD), with immediate access to Berlin Turnpike (Route 5) which sees nearly 35,000+ VPD

 

EXCELLENT DEMOGRAPHICS

Within a 3-mile radius, 77,919 people are earning an AHHI of $91,924

 

EXISTING FITNESS FACILITY

Existing Fitness Facility with supplemental office space, offering immediate HealthClub tenancy or adaptive re-use potential

 

B-BT ZONING

The property is currently zoned B-BT (Business Berlin Turnpike), which allows for Retail, Office, Hotel, and Light Industrial, as-of-right

 

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375 E Cedar StNewington, CT 06111

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Listing provided by Revere CRE