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982 Rubber Ave 5,100 SF 100% Leased Office Building Naugatuck, CT 06770 $499,000 ($97.84/SF)
Investment Highlights
- Fully leased 2-unit retail investment
- Owner-user opportunity
- Month-to-month leases
- Apartment conversion opportunity
Executive Summary
Freestanding Commercial Building on ±2.49 Acres
$499,000
±5,100 SF freestanding commercial building
±2.49 acres
Suitable for owner-user or investor acquisition
Potential apartment conversion opportunity, subject to zoning and municipal approvals
Located along Naugatuck’s primary retail corridor, surrounded by a mix of national, regional, and local retailers
Zoned R15
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
Month-to-month leases in place
Tenants pay all utilities (separately metered)
NOI: $33,346.64
Asking Price: $499,000
FINANCIAL SUMMARY
Sale Price: $499,000
Gross Income: $51,336
Expenses:
Taxes: $10,689.36
Insurance: $3,400
Landscaping / Snow Plowing: 3,900
Total: $17,989.36
NOI: $33,346.64
$499,000
±5,100 SF freestanding commercial building
±2.49 acres
Suitable for owner-user or investor acquisition
Potential apartment conversion opportunity, subject to zoning and municipal approvals
Located along Naugatuck’s primary retail corridor, surrounded by a mix of national, regional, and local retailers
Zoned R15
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
Month-to-month leases in place
Tenants pay all utilities (separately metered)
NOI: $33,346.64
Asking Price: $499,000
FINANCIAL SUMMARY
Sale Price: $499,000
Gross Income: $51,336
Expenses:
Taxes: $10,689.36
Insurance: $3,400
Landscaping / Snow Plowing: 3,900
Total: $17,989.36
NOI: $33,346.64
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$51,336
|
$11.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,336
|
$11.28
|
| Taxes |
$10,689
|
$2.35
|
| Operating Expenses |
$7,300
|
$1.60
|
| Total Expenses |
$17,989
|
$3.95
|
| Net Operating Income |
$33,347
|
$7.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $51,336 |
| Annual Per SF | $11.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $51,336 |
| Annual Per SF | $11.28 |
| Taxes | |
|---|---|
| Annual | $10,689 |
| Annual Per SF | $2.35 |
| Operating Expenses | |
|---|---|
| Annual | $7,300 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $17,989 |
| Annual Per SF | $3.95 |
| Net Operating Income | |
|---|---|
| Annual | $33,347 |
| Annual Per SF | $7.33 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,100 SF
Building Class
C
Year Built
1960
Price
$499,000
Price Per SF
$97.84
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,550 SF
Building FAR
0.05
Lot Size
2.49 AC
Zoning
RADD - Rubber Avenue Design District (RADD) permits commercial and mixed-use development
Parking
22 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Day Care
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Naugatuck Pet Salon
- Services
- 550 SF
- $13.09
- Plus Utilities
- Jan 2026
- The Learning Barn Childcare Center & Preschool
- Educational Services
- 4,550 SF
- $9.70
- Plus Utilities
- Jan 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Naugatuck Pet Salon | Services | 550 SF | $13.09 | Plus Utilities | Jan 2026 | |
| The Learning Barn Childcare Center & Preschool | Educational Services | 4,550 SF | $9.70 | Plus Utilities | Jan 2026 |
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Property Taxes
| Parcel Number | NAUG-000000C-W001919 | Total Assessment | $223,160 |
| Land Assessment | $83,930 | Annual Taxes | $10,689 ($2.10/SF) |
| Improvements Assessment | $139,230 | Tax Year | 2025 |
Property Taxes
Parcel Number
NAUG-000000C-W001919
Land Assessment
$83,930
Improvements Assessment
$139,230
Total Assessment
$223,160
Annual Taxes
$10,689 ($2.10/SF)
Tax Year
2025
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982 Rubber Ave
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