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- LoopNet Team
168-172 Arch St
New Britain, CT 06051
Arch Street Mixed-Use · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- +/-13,483 SF Mixed-Use Retail & Apartment Property
- Additional Income Potential | Close Proximity to Hospital
- 2 Retail Suites | 7 Single Room Occupancy | 2 One-Bed, 3 Two-Bed & 2 Three-Bed Apartments
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 13,483 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1906 |
| Zoning | CBD | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,483 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1906 |
| Zoning | CBD |
ABOUT 168-172 ARCH ST , NEW BRITAIN, CT 06051
Northeast Private Client Group is pleased to present the Arch Street Mixed-Use building, a +/- 13,483 retail and apartment building located in New Britain, Connecticut. The Arch Street Mixed-Use building is comprised of 2 retail suites, 7 single rooms with shared bathrooms, 2 one-bedroom, 3 two-bedroom and 2 three-bedroom units. There is also an additional garage bat (+/- 2,368 SF @ $700/month) that generates income for the property. Heat and hot water is supplied through a central natural gas boiler. All the electrical meters have recently been upgraded. A new owner can realize upside potential through the renting of additional storage space (+/-2,368 SF with a $500/month current ask) at the property and raising rents to market levels. The building is located in an up and coming neighborhood which has attracted municipal investment to attract people to nearby restaurants, breweries and shopping. The property is located just 0.3 miles from the Hospital of Central Connecticut.
PROPERTY TAXES
| Parcel Number | NBRI-000008C-000000-C000055 | Improvements Assessment | $520,450 |
| Land Assessment | $28,350 | Total Assessment | $548,800 |
PROPERTY TAXES
