127 Center St - Storefront FOR SALE


$799,000 USD
203-517-5023
127 Center St, Shelton, CT for Sale
$799,000 USD
Storefront - FOR SALE
1/4
null | 9.75% Cap Rate

NEW



HIGHLIGHTS

  • Heart of Downtown Shelton
  • Free Standing Building
  • Full Commercial Kitchen

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,327 SF

ZONING

CA-3

APN/PARCEL ID

SHEL-000117B-000000-000035

ASK ABOUT THIS PROPERTY

Jennifer Lynne LaricciaColdwell Banker Commercial RealtyMore Info
203-517-5023

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Jennifer Lynne LaricciaColdwell Banker Commercial RealtyMore Info
203-517-5023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.