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147 Quinn St 5,308 SF 100% Leased Retail Building Naugatuck, CT 06770 $1,391,876 CAD ($262.22 CAD/SF) 8.17% Cap Rate



Investment Highlights
- corner lot with excellent visibility
- Potential for NOI growth through rent increases and lease restructuring
- Seven units configured as eight tenant spaces
Executive Summary
147 Quinn Street is a fully occupied neighborhood retail center located within a densely populated residential section of Naugatuck. The property consists of approximately 5,308 square feet of commercial space configured into multiple tenant suites occupied by a diverse mix of local businesses including food service, beauty, retail, pet services, and professional office users.
The property generates stable in-place income with opportunities for future NOI growth through lease renewals, rental rate adjustments, and potential expense pass-throughs. Additional lower-level space includes an existing income-producing unit and storage areas that may provide future expansion opportunities, subject to municipal approvals.
The center benefits from strong neighborhood visibility, 25 on-site parking spaces, public utilities, natural gas service, and convenient access to Route 8. This offering presents an attractive opportunity for investors seeking stable cash flow with value add potential in an established community retail setting.
The property generates stable in-place income with opportunities for future NOI growth through lease renewals, rental rate adjustments, and potential expense pass-throughs. Additional lower-level space includes an existing income-producing unit and storage areas that may provide future expansion opportunities, subject to municipal approvals.
The center benefits from strong neighborhood visibility, 25 on-site parking spaces, public utilities, natural gas service, and convenient access to Route 8. This offering presents an attractive opportunity for investors seeking stable cash flow with value add potential in an established community retail setting.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,308 SF
Building Class
C
Year Built
1950
Price
$1,391,876 CAD
Price Per SF
$262.22 CAD
Cap Rate
8.17%
NOI
$113,756 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.37 AC
Zoning
R-65 - R-65 Residential Zone. Existing multi-tenant neighborhood retail center operating under an established commercial use. Buyers shoulmercial Business
Parking
25 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
118’ on Quinn Street
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NAUG-000044-W010337-000153 | Total Assessment | $608,652 CAD |
| Land Assessment | $95,578 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $513,074 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
NAUG-000044-W010337-000153
Land Assessment
$95,578 CAD
Improvements Assessment
$513,074 CAD
Total Assessment
$608,652 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Presented by
147 Quinn St
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