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.
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