224 N Main St
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224 N Main St
6,224 SF Retail Building Bristol, CT 06010 $795,000 ($128/SF) 6.69% Cap Rate
Investment Highlights
- Fully Sprinklered, City Water, Sewer
- Built in 1985, Major Renovations in 2016/2021
- 30 Car on-site parking spaces, additional on street parking
- HVAC Systems upgraded 2021
- Full EPDM Roof replacement 2016
Executive Summary
This is an excellent value added investment opportunity in a growing area. The building is in an prime location and is in excellent condition with recent renovations and roof replacement. Single tenant is the very successful Parkside Café. Extensive new development nearby such as the Centre Square Village (104 Units) opening Fall 2024 and Wheeler Health Administrative offices and clinic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,224 SF
Building Class
C
Year Built
1985
Price
$795,000
Price Per SF
$128
Cap Rate
6.69%
NOI
$53,199
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
BD-1 - Downtown Business
Parking
30 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
160 FT on North Main Street
Amenities
- 24 Hour Access
- Bus Line
- Signage
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | BRIS-000026-000000-000004A-000001 | Improvements Assessment | $391,230 |
Land Assessment | $112,070 | Total Assessment | $503,300 |
PROPERTY TAXES
Parcel Number
BRIS-000026-000000-000004A-000001
Land Assessment
$112,070
Improvements Assessment
$391,230
Total Assessment
$503,300
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224 N Main St
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