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655 East St 20,534 SF Specialty Building Offered at $2,652,248 CAD in New Britain, CT 06051

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INVESTMENT HIGHLIGHTS

  • This excellent opportunity features a 3.5-acre parcel with a three story rectory building and a two story church building for redevelopment.
  • The town has recently rezoned the area to encourage development.

EXECUTIVE SUMMARY

Solid, well-designed church and rectory on a massive 3.5 acres parcel on a corner with a traffic signal. The rectory was built in 1916 and has hardwood floors throughout. Plaster walls and ceilings are all in excellent condition. Beautiful wood trims and stair balusters add a nice finishing touch on this remarkable 5,718 square foot rectory building.
The church was built in 1969 and is not a traditionally shaped church structure. the first-floor measures 7,408 square foot and has a wide-open floor plan with 16 foot-high ceilings and unusual, durable stucco walls. Downstairs is also 7,408 square feet and includes a kitchen, a large bingo hall, as well as the mechanical rooms.
The buildings and site can easily be retrofit into an office use, medical use, housing or mixed use. The city recently rezoned the area to a Transit Oriented Development zone and is recommending a realignment of Newington Avenue. The TOD zone encourages multi-family development along with mixed-use. Bring your ideas for this rare opportunity. The city is looking forward to working with you.
This excellent opportunity features a 3.5 acre parcel with a three story rectory building and a two story church building for redevelopment.

PROPERTY FACTS

Price $2,652,248 CAD
Price Per SF $129.16 CAD
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Specialty
Property Subtype Religious Facility
Lot Size 3.50 AC
Building Size 20,534 SF
No. Stories 2
Year Built 1916
Tenancy Single
Cross Streets Florence Street
Zoning TOD - Transit Oriented Development

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NBRI-000007D-000000-B000001
Land Assessment
$247,306 CAD
Improvements Assessment
$3,343,949 CAD
Total Assessment
$3,591,256 CAD
  • Listing ID: 31414995

  • Date on Market: 2024-04-04

  • Last Updated:

  • Address: 655 East St, New Britain, CT 06051

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