160 Main St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$3,475,000 USD
203-464-2434
160 Main St, New Britain, CT for Sale
$3,475,000 USD
Apartments - FOR SALE
1/8
null | 7.2% Cap Rate


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Desirable Brick Construction
  • Separetely Metered Utilities
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase The RAO Building, a mixed-use investment property located at 160 Main Street in New Britain, CT (the “Property”). The five-story building contains one (1) Commercial unit, two (2) 3-Bedroom/1-Bathroom units, seven (7) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit with 16,406 square feet of gross living area in 20,908 square feet of gross area. The Property is situated upon a 0.10-acre parcel and features twelve (12) off-street parking spaces between lots at 132 Main Street & Szczesny Garage. Additional parking is available through city parking passes. 160 Main Street, The RAO Building, is prominently situated in downtown New Britain, offering immediate access to the city’s central business district, surrounding retail corridors, and established residential neighborhoods. The Property benefits from strong connectivity along Main Street (Route 71) and is in close proximity to Route 9 and Interstate 84, providing efficient regional access to Hartford, the broader Capital Region, and key destinations throughout central Connecticut.

FOR SALE DETAILS

PRICE

$3,475,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

15

PRICE/UNIT

$231,667

CAP RATE

7.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The RAO Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CBD

APN/PARCEL ID

NBRI-000008B-000000-C000055

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
203-464-2434

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Tim HinesHorvath & TremblayMore Info
203-464-2434

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