Baldwin Pearson & Co., Inc. is pleased to present 57 Whiting Street, New Britain, Connecticut, a rare opportunity to acquire a large-scale mixed-use investment property in New Britain, CT. This prominent corner brick building encompasses approximately 27,000 square feet and consists of 15 apartments and 6 street-level retail spaces, providing a diversified and stable income stream.
Current ownership has invested significantly in the asset, including substantial cosmetic apartment renovations, new individual heating units, and roofing improvements, leaving a building in excellent physical condition with no anticipated major capital expenditures. The property sits near The Hospital of Central Connecticut, downtown New Britain, Central Connecticut State University, and public transportation, and benefits from strong and consistent tenant demand.
57 Whiting Street offers investors strong in-place cash flow, excellent physical condition and immediate upside through strategic lease renewals and organic rent growth.