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259-279 New Britain Road 2 Properties Offered at $2,700,000 in Berlin, CT
Investment Highlights
- This offering is a stabilized investment opportunity consisting of two buildings on 1.87 acres.
- This well-maintained property features an ideal mix of retail, office, and medical tenants.
- Plenty of paved parking is available.
Executive Summary
Coldwell Banker Commercial Realty presents for sale 259-279 New Britain Road, located in Berlin, CT. This stabilized investment opportunity consists of two buildings on 1.87 acres. The first building is a 2,120 sq. ft. retail building that is currently home to a barber and a bakery. The addition of a drive-thru may be possible and would significantly increase the rental income. Also included is a nearly 28,000 sq. ft. office building. A nice mix of tenants supply a steady stream of income to the owner. Two units are currently available for lease, making this an excellent opportunity for an owner-user.
Property Facts
| Price | $2,700,000 | Number of Properties | 2 |
| Price / SF | $66.77 / SF | Individually For Sale | 0 |
| Cap Rate | 10.67% | Total Building Size | 40,440 SF |
| Sale Type | Investment | Total Land Area | 2.05 AC |
| Status | Active |
| Price | $2,700,000 |
| Price / SF | $66.77 / SF |
| Cap Rate | 10.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 40,440 SF |
| Total Land Area | 2.05 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 279 New Britain Rd, Berlin, CT 06037 | Office | 36,296 SF | 1954 | - |
| 259 New Britain Rd, Berlin, CT 06037 | Retail | 4,144 SF | 2007 | - |
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Contacts
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Mario Longobucco -
James McCall -
Donald Sagarino -
Coldwell Banker Commercial Realty
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259-279 New Britain Road
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