259-279 New Britain Road

259-279 New Britain Road, Berlin, CT

$3,600,000

Price

8%

Cap Rate

30,120 sqft

Building Size

Overview
Cap Rate
8%
Building Size
30,120 sqft
Lot Area
1.87 acres
Year Built
1954
Zoning
R-11
Year Last Renovated
2021
Description

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.

Documents

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Listing ID: 0938c7fd-a8ac-4ebd-af59-cf6694d8c604
Location
Gallery