Log In/Sign Up
Your email has been sent.
147 Quinn St
Naugatuck, CT 06770
Retail Property For Sale
Investment Highlights
- corner lot with excellent visibility
- Potential for NOI growth through rent increases and lease restructuring
- Seven units configured as eight tenant spaces
Executive Summary
147 Quinn Street is a fully occupied neighborhood retail center located within a densely populated residential section of Naugatuck. The property consists of approximately 5,308 square feet of commercial space configured into multiple tenant suites occupied by a diverse mix of local businesses including food service, beauty, retail, pet services, and professional office users.
The property generates stable in-place income with opportunities for future NOI growth through lease renewals, rental rate adjustments, and potential expense pass-throughs. Additional lower-level space includes an existing income-producing unit and storage areas that may provide future expansion opportunities, subject to municipal approvals.
The center benefits from strong neighborhood visibility, 25 on-site parking spaces, public utilities, natural gas service, and convenient access to Route 8. This offering presents an attractive opportunity for investors seeking stable cash flow with value add potential in an established community retail setting.
The property generates stable in-place income with opportunities for future NOI growth through lease renewals, rental rate adjustments, and potential expense pass-throughs. Additional lower-level space includes an existing income-producing unit and storage areas that may provide future expansion opportunities, subject to municipal approvals.
The center benefits from strong neighborhood visibility, 25 on-site parking spaces, public utilities, natural gas service, and convenient access to Route 8. This offering presents an attractive opportunity for investors seeking stable cash flow with value add potential in an established community retail setting.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,308 SF
Building Class
C
Year Built
1950
Price
$995,000
Price Per SF
$187.45
Cap Rate
8.17%
NOI
$81,320
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.37 AC
Zoning
R-65 - R-65 Residential Zone. Existing multi-tenant neighborhood retail center operating under an established commercial use. Buyers shoulmercial Business
Parking
25 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
118’ on Quinn Street
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | NAUG-000044-W010337-000153 | Improvements Assessment | $367,500 |
| Land Assessment | $68,460 | Total Assessment | $435,960 |
Property Taxes
Parcel Number
NAUG-000044-W010337-000153
Land Assessment
$68,460
Improvements Assessment
$367,500
Total Assessment
$435,960
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
