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928 Bantam Rd 3,024 SF 100% Leased Retail Building Bantam, CT 06750 $700,000 ($231.48/SF) 6.64% Cap Rate


Investment Highlights
- Main level occupied by an established service-oriented commercial business.
- Dedicated tenant amenities include a laundry area and lower-level half bath.
Executive Summary
Set on 3.57 acres in the desirable Borough of Bantam, this well-maintained commercial building offers exceptional mixed-use potential. The property currently features an established commercial business on the main level, complemented by two separate one-bedroom apartments on the upper level, providing diversified rental income. Each apartment boasts a private rear deck with peaceful meadow views. Tenants benefit from a dedicated laundry area and a half bath located in the lower level. The lower level also includes ample storage space, which could potentially be converted for additional rental income. The property includes a substantial 5, 727 square foot parking lot (approximately 15 spaces) and sits on 3.57 acres.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,024 SF
Building Class
C
Year Built
2007
Price
$700,000
Price Per SF
$231.48
Cap Rate
6.64%
NOI
$46,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.02
Lot Size
3.00 AC
Zoning
B1 - RR
Parking
15 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
20’ on Bantam Road
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | LITC-000167-000072-000093F | Improvements Assessment | $255,370 |
| Land Assessment | $85,070 | Total Assessment | $340,440 |
Property Taxes
Parcel Number
LITC-000167-000072-000093F
Land Assessment
$85,070
Improvements Assessment
$255,370
Total Assessment
$340,440
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928 Bantam Rd
