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Investment Highlights

  • Residential zoning with multifamily conversion potential
  • Versatile Retail/ Industrial building

Executive Summary

Don't miss this exceptional opportunity to acquire a versatile Retail/Industrial building offering approximately 9,930 square feet of interior space, complete with convenient off-street parking at the rear. Featuring a prominent storefront and an expansive open floor plan across all three levels, the property presents endless potential for repositioning or redevelopment. Recent improvements include a brand-new roof and structural columns, providing a strong foundation for a variety of uses. All essential utilities are in place and operational, ready for a new owner's custom build-out. Additionally, the property offers potential for multifamily conversion and is situated within a residential zoning district, enhancing its flexibility and long-term value. An added benefit is the low annual property taxes of approximately $3,735, making this an even more attractive investment opportunity!

Property Facts

Price $299,999
Price Per SF $33.69
Sale Type Investment
Property Type Flex
Property Subtype Light Distribution
Building Class C
Lot Size 0.24 AC
Rentable Building Area 8,904 SF
No. Stories 2
Year Built 1907
Parking Ratio 0.67/1,000 SF
No. Drive In / Grade-Level Doors 1
Zoning A1 - Commercial
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
NBRI-000005A-000000-D000070
Land Assessment
$28,980
Improvements Assessment
$66,360
Total Assessment
$95,340
  • Listing ID: 39875161

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 500 Burritt St, New Britain, CT 06053

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