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333 Church St 6,000 SF Retail Condo Unit Offered at $1,333,000 in Naugatuck, CT 06770
INVESTMENT HIGHLIGHTS
- Liberty Bank corporate lease | Oldest mutual savings bank in U.S.
- Large deposits at this location of over $120m.
- Location has 40+ years of operating history as a bank.
- Operating at this location since 1998.
- 15 miles north west of New Haven.
EXECUTIVE SUMMARY
HMX Realty Advisors exclusively presents for sale a Liberty Bank retail condominium. Liberty Bank signed a new 15 year lease in June of 2019. The original building was constructed as a bank branch in 1974 and rebuilt/ HMXanded in 1998. This 6,000 sf retail condo occupies the ground floor of a 23,000 sf office building which sits on 2.34 acres with 80 parking spaces. The bank has four drive-up teller stations as well as a walk-up ATM. The property's zoning is B-1 (Business District No. 1). This bank branch has large deposits of over $120 million. The entire building can be purchased for $2,750,000, call for details.
PROPERTY FACTS
| Total Building Size | 28,216 SF | Typical Floor Size | 6,000 SF |
| Property Type | Office (Condo) | Year Built | 1974 |
| Building Class | B | Lot Size | 2.34 AC |
| Floors | 3 | Parking Ratio | 1.52/1,000 SF |
| Zoning | B-1 Business District 1 - Business District | ||
| Total Building Size | 28,216 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,000 SF |
| Year Built | 1974 |
| Lot Size | 2.34 AC |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | B-1 Business District 1 - Business District |
AMENITIES
- Banking
- Signage
- Kitchen
- Storage Space
- Fully Carpeted
- Natural Light
- Air Conditioning
- Balcony
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 6,000 SF | Sale Type | Investment |
| Price | $1,333,000 | Cap Rate | 6.75% |
| Price Per SF | $222.17 | NOI | $89,977.50 |
| Condo Use | Retail |
| Unit Size | 6,000 SF |
| Price | $1,333,000 |
| Price Per SF | $222.17 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| NOI | $89,977.50 |
DESCRIPTION
Liberty Bank corporate lease is the oldest mutual savings bank in U.S. It has been Operating at this location since 1998. Large deposits at this location of over $120m.
SALE NOTES
15 miles north west of New Haven, this location has 40+ years of operating history as a bank.
Presented by
333 Church St
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