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127 Center St 2,805 SF Retail Building Shelton, CT 06484 $700,000 ($249.55/SF) 11.13% Cap Rate
Investment Highlights
- Heart of Downtown Shelton
- Full Commercial Kitchen
- Free Standing Building
Executive Summary
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.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$78,000
|
$27.81
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $27.81 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,805 SF
Building Class
B
Year Built/Renovated
1900/2015
Price
$700,000
Price Per SF
$249.55
Cap Rate
11.13%
NOI
$77,903
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.12 AC
Zoning
CA-3
Frontage
52’ on Center Street
Amenities
- 24 Hour Access
- Balcony
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | SHEL-000117B-000000-000035 | Improvements Assessment | $265,020 |
| Land Assessment | $34,790 | Total Assessment | $299,810 |
Property Taxes
Parcel Number
SHEL-000117B-000000-000035
Land Assessment
$34,790
Improvements Assessment
$265,020
Total Assessment
$299,810
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Contact the Sale Advisor
127 Center St