500 Burritt St - Light Distribution FOR SALE


New Britain, CT 06053- New Britain/Newington/Wethersfield
$299,999 USD
860-308-6115
500 Burritt St, New Britain, CT for Sale
$299,999 USD
Light Distribution - FOR SALE
1/5
null | Request Cap Rate


HIGHLIGHTS

  • Residential zoning with multifamily conversion potential
  • Versatile Retail/ Industrial building

OVERVIEW

Don't miss this exceptional opportunity to acquire a versatile Retail/Industrial building offering approximately 9,930 square feet of interior space, complete with convenient off-street parking at the rear. Featuring a prominent storefront and an expansive open floor plan across all three levels, the property presents endless potential for repositioning or redevelopment. Recent improvements include a brand-new roof and structural columns, providing a strong foundation for a variety of uses. All essential utilities are in place and operational, ready for a new owner's custom build-out. Additionally, the property offers potential for multifamily conversion and is situated within a residential zoning district, enhancing its flexibility and long-term value. An added benefit is the low annual property taxes of approximately $3,735, making this an even more attractive investment opportunity!

FOR SALE DETAILS

PRICE

$299,999 USD

PRICE/SF

$34 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,454

ZONING

A1

APN/PARCEL ID

NBRI-000005A-000000-D000070

ASK ABOUT THIS PROPERTY

Thuyan TranOxford RealtyMore Info
860-308-6115

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Thuyan TranOxford RealtyMore Info
860-308-6115

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