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127 Center St
Shelton, CT 06484
Retail Property For Sale
Investment Highlights
- Heart of Downtown Shelton
- Full Commercial Kitchen
- Free Standing Building
Executive Summary
Grab a piece of History! Center Street Social- a local Shelton fixture his on the market and waiting for you to continue the story. This free standing Bar/Cafe is located in the heart of Downtown Shelton and is just a 5 minute walk from all the new Luxury Housing and apartments. Recently fully remodeled, the Shelton staple is a fixture in the Downtown restaurant and bar scene. The restaurant has an indoor seating capacity of 79 and features a covered outdoor patio with additional bar and seating. 2nd floor features a DJ booth, storage office space and high end security system. Property comes with business fixtures and fully appointed commercial kitchen and bar. Last tenant was paying $6500/month NNN. Cap rate at purchase price with a secure tenant at this rate is close to a 10 cap.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,805 SF
Building Class
B
Year Built/Renovated
1900/2015
Price
$1,018,500 CAD
Price Per SF
$363.10 CAD
Cap Rate
10.39%
NOI
$105,792 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.12 AC
Zoning
CA-3
Frontage
52’ on Center Street
Amenities
- 24 Hour Access
- Balcony
Property Taxes
| Parcel Number | SHEL-000117B-000000-000035 | Improvements Assessment | $363,001 CAD |
| Land Assessment | $47,652 CAD | Total Assessment | $410,653 CAD |
Property Taxes
Parcel Number
SHEL-000117B-000000-000035
Land Assessment
$47,652 CAD
Improvements Assessment
$363,001 CAD
Total Assessment
$410,653 CAD
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