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- LoopNet Team
5-39 Arch St
New Britain, CT 06051
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
ABOUT 5-39 ARCH ST , NEW BRITAIN, CT 06051
TOUR: Thursday 3/1 at 10:00 AM on site. Amodio & Co is pleased to present 5 Arch Street, New Britain, Connecticut. The property wraps the corner of Arch and Walnut Streets, at the main city center intersection (5-way), boasting an iconic presence in downtown. There are 6 (six) existing retail tenants, with ability to add-value by increasing rents through capital improvements (storefront renovations, signage, etc). Leases are short-term, however, many tenants have been in place many years. Additionally, the second floor is poised for further income potential, either through rental of the existing eclectic/vintage offices or re-development into city-center residential apartments. There is ample on-street parking, as well as long-term options in a municipal parking garage just one block away; connected to the Police station. The HVAC in all retail units has been updated, as well as electric updates. Separately metered tenant paid utilities. DO NOT DISTURB TENANTS. Proof of funds required to attend showings. Group tour dates to be scheduled and published...
PROPERTY TAXES
| Parcel Number | NBRI-000008B-000000-C000051 | Improvements Assessment | $477,330 |
| Land Assessment | $27,370 | Total Assessment | $504,700 |
PROPERTY TAXES
