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259-279 New Britain Road 2 Properties Offered at $3,768,984 CAD in Berlin, CT
INVESTMENT HIGHLIGHTS
- This offering is a stabilized investment opportunity consisting of two buildings on 1.87 acres.
- This well-maintained property features an ideal mix of retail, office, and medical tenants.
- Plenty of paved parking is available.
EXECUTIVE SUMMARY
Coldwell Banker Commercial Realty presents for sale 259-279 New Britain Road, located in Berlin, CT. This stabilized investment opportunity consists of two buildings on 1.87 acres. The first building is a 2,120 sq. ft. retail building that is currently home to a barber and a bakery. The addition of a drive-thru may be possible and would significantly increase the rental income. Also included is a nearly 28,000 sq. ft. office building. A nice mix of tenants supply a steady stream of income to the owner. Two units are currently available for lease, making this an excellent opportunity for an owner-user.
PROPERTY FACTS
| Price | $3,768,984 CAD | Number of Properties | 2 |
| Price / SF | $93.20 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 10.67% | Total Building Size | 40,440 SF |
| Sale Type | Investment | Total Land Area | 2.05 AC |
| Status | Active |
| Price | $3,768,984 CAD |
| Price / SF | $93.20 CAD / SF |
| Cap Rate | 10.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 40,440 SF |
| Total Land Area | 2.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 279 New Britain Rd, Berlin, CT 06037 | Office | 36,296 SF | 1954 | - |
| 259 New Britain Rd, Berlin, CT 06037 | Retail | 4,144 SF | 2007 | - |
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CONTACTS
-
Mario Longobucco -
James McCall -
Donald Sagarino -
Coldwell Banker Commercial Realty
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259-279 New Britain Road
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