Active
259-279 New Britain Road
Berlin CT, 06037
$3,200,000
$110.67 per sqft
Active
28,916 sqft
Commercial
Built in 1954
Excellent investment opportunity available in Berlin. Two buildings on 1.87 acres. Building one is a 2,120 square foot retail building that is currently home to a barber shop and a bakery. The addition of a drive thru may be possible and would greatly increase the possible rental income. Also included is a nearly 30,000 office building. A nice mix of tenants supply a steady stream of income to the owner. As of today, there are two vacancies, a 3,652 foot space and a 2,400 foot space. The property is well maintained and the brick buildings structurally sound. Perfect scenario to place your business in the vacant space and to become your own Landlord or as a savy investor, you can go to work on increasing income and reducing expenses day one and enjoy great returns. Be sure to take a close look at this one.
170591960
MLSⓇ ID
August 28, 2023
Listed
August 23, 2024
Updated
Map
259-279 New Britain Road
Berlin CT, 06037
Interior Features
Interior Features
Tile, Carpet
Floor Description
Tile, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Heat Pump
Heating
Yes
Heating Description
Natural Gas, Oil, Heat Pump
Exterior/Building Features
Lot Size
1.87 Acres
Lot Features
Sloped
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$44,594
Tax Frequency
Annually
Days on Market
353
Garage
No
Parking
Unassigned
View
No
County
Hartford
Water Source
Public
Pool
No
Zoning
CCD-1
Listing History
Date | Event | Price |
|---|---|---|
3/8/2024 | Price change | $3,200,000 -12% |
Listed by Mario Longobucco with Coldwell Banker Commercial NRT
Listing Contact: 8603075945
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Data last updated on 8/23/2024 at 11:27 AM UTC