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300 W Main St

3,174 SF 100% Leased Office Building New Britain, CT 06052 $649,900 ($205/SF)

Investment Highlights

  • Fantastic location
  • Easy to lease building
  • Easy Highway access

Executive Summary

Attention Investors! Do not miss this 4-unit mixed use investment opportunity. Located on West Main Street, just steps to Walnut Hill Park and the Museum of Natural Art, this is an ideal New Britain location. The building features three apartments and one office space. The office space is currently leased for one year. Two of the three apartments (one bed and two bed) are updated, vacant and are in immediate move in condition, while the third apartment is leased on a monthly basis. There is great financial upside to this property, and it is an easy location/building to find tenants. The building offers great visibility if needed for your tenants. There are 6+ parking spaces, central air in the office space, gas heat & hot water, 200 AMP electrical service and both the windows and roof were replaced approximately 16 years ago. The main level office has a reception area, conference room and three offices. The apartment mix is a one bedroom, a two bedroom and an efficiency unit. Need a place to live? Occupy one of the units and have your tenants pay your mortgage! Great opportunity.
Text/Call Evan Berman at 860-306-6543 with any questions/appointments. There are two boilers, one hot water heater and one electrical system. All utilities are included with rent. We believe rents for vacant units can be at least $1150 for the one bed and $1300 for the two bed. This would give $4550 of monthly rental income with upside on the office space rent and the studio space rent.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,174 SF
Building Class
C
Year Built
1900
Price
$649,900
Price Per SF
$205
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,058 SF
Slab To Slab
9’
Building FAR
0.32
Land Acres
0.23 AC
Zoning
RO
Parking
6 Spaces (1.89 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • AVON-000007-000000-000454-000300
  • NBRI-000007A-000000-D000031
Land Assessment
$506,590
Improvements Assessment
$858,510
Total Assessment
$1,365,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 33886149

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 300 W Main St, New Britain, CT 06052

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