259-279 New Britain Road
$3,600,000
259-279 New Britain Road Berlin, CT 06037
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About this listing
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.
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Cap Rate
8%
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Building Size
30,120 sqft
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Lot Area
1.87 acres
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Year Built
1954
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Zoning
R-11
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Year Last Renovated
2021
