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Connecticut
Posted: September 18, 2020
Fellah of HK Group brokers $1.1 million building sale, represents the seller, RKZ Associates, LLC
New Canaan, CT Franco Fellah, executive vice president of HK Group, completed the sale of 102 Main St.
At the time of the closing, the 2,873 s/f building was fully leased to four local tenants, one of which has been at the property for over 35 years. The sale price was $1.1 million, or $383 per s/f.
The property at 102 Main St. is located at the corner of Main St. and East Ave., in the “Magic Circle” of downtown. It is a high visibility corner property at the traffic light with two pedestrian walkways flowing directly into that corner.
The property is zoned Retail A and it sits on a 0.03 acre piece of land.
Fellah of HK Group was the only broker involved in the transaction, representing the seller, RKZ Associates, LLC of Westport. The buyer is a local real estate investor who owns other commercial properties in Fairfield County.
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Connecticut
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