Property Description
FIRST TIME ON THE MARKET! 5.6% CAP RATE WITH 1 VACANCY. CAP RATE WOULD BE INCREASED TO 7.3% IF FULLY OCCUPIED AT ASKING RENTAL RATE FOR THE 1 VACANT UNIT, THE TOTAL GROSS INCOME WOULD BE $116,471. THIS 1.73 ACRE CORNER LOT DIRECTLY LOCATED ON ROUTE 25/MAIN STREET SOUTH. THIS 6,000 SF, 6 UNIT, FREE STANDING RETAIL/OFFICE BUILDING COMES READY TO ADD YOUR BUSINESS TO WHILE EARNING SOME GREAT INCOME. LOCATED NEWTOWN, FAIRFIELD COUNTY, CT. CURRENT TENANTS ARE A HAIRDRESSER, BRIDAL STORE, DOG GROOMER, MASSAGE SPA, A VACANT UNIT (B) AND AN OFFICE USER THAT WILL BE VACATING UPON THE SALE OF THE BUILDING (UNIT D/F). THIS CORNER BUILDING HAS SIGNAGE AND IS AT THE CORNER OF THE PROPERTY AND THERE IS SIGNAGE ON THE DOORS AND IN SOME CASES, ON THE BUILDING. EACH UNIT IS 1,000 SF. BUILT IN 2006. CITY WATER, SEPTIC, GAS AND A/C. GREAT TENANTS. GREAT OPPORTUNITY TO BUY THE BUILDING AND PUT YOUR OWN BUSINESS IN IT.
Features
- Heating System:
- Hot Air, Zoned
- Cooling System:
- Central Air, Zoned
- Parking:
- Paved, Parking Lot, Unassigned Parking
- Foundation Type:
- Block
- Heat Fuel Type:
- Natural Gas
- Exterior Features:
- Gutters, Lighting, Doors – 10-15 Ft, Awnings, Roof Sign, Pole Sign, Door Sign
- Flooring:
- Wood, Tile
- Handicap Features:
- Handicap Parking, Accessible Bath
- Interior Features:
- Window Display, Loading – Grade
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Location:
- Suburban, Strip Center
- Lot Description:
- Level Lot, Dry, Sloping Lot, Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Main
- Street Number:
- 224
- Street Suffix:
- Street
- Floor Number:
- 0
- Longitude:
- W74° 43′ 35.3”
- Latitude:
- N41° 22′ 32.5”
- Street Dir Prefix:
- South
MLS Addon
- Office Name:
- Coldwell Banker Realty
- Agent Name:
- Jeanette Politano
- Matrix Modified DT:
- 13/10/2023 05:36:17
- List Agent MLSID:
- 18689
- List Agent MUI:
- 1175808
- List Office MUI:
- 1084647
- List Office MLSID:
- CBTR70
- Tax Year:
- July 2023-June 2024
- Directions:
- ROUTE 25/S MAIN STREET TO #224. PROPERTY IS ON THE PARCEL NEXT TO SAND HILL PLAZA.
- HOA Fee Amount:
- $0
- HOA Fee Frequency:
- Other
- HOAYN:
- 1
- Parcel Number:
- 207772
- Pets Allowed YNA:
- Yes
- Property Tax:
- $14,107
- Zoning:
- B-1
Commercial For Sale
224 Main Street, Newtown, Connecticut 06470
0 Bedrooms
0 Bathrooms
6,000 Sqft
$1,200,000
Listing ID #170603719
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 170603719
- Price :
- $1,200,000
- Bedrooms :
- 0
- Bathrooms :
- 0
- Half Bathrooms :
- 0
- Square Footage :
- 6,000 Sqft
- Year Built :
- 2006
- Lot Area :
- 1.73 Acre
- State:
- CT
- County:
- Fairfield
- City:
- Newtown
- Zipcode:
- 06470
- Status :
- Active
- Property Sub Type :
- Commercial Land
- Property Info :
- Horse Property
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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-
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