682 W Main St
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682 W Main St
2,450 SF 100% Leased Retail Building New Britain, CT 06053 $1,050,000 ($429/SF) 6.05% Cap Rate
Executive Summary
Located at 682 West Main St, New Britain, this property presents unparalleled cash flow that sets it apart from others in its class. Fully occupied with long-term tenants and above-average rents, it promises a steady and reliable income stream. The property features two separate residential units on the first and second floors, while a small commercial space occupies the ground level, adding another revenue source. With its exceptional ability to maximize income from every square foot, combined with low operating expenses, this asset is both highly profitable and easy to manage, making it a standout investment opportunity.
Financial Summary (Actual - 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 (Actual - 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
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,450 SF
Building Class
C
Year Built
1915
Price
$1,050,000
Price Per SF
$429
Cap Rate
6.05%
NOI
$63,576
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.14 AC
Zoning
B1 - 347 - Commercial Building
Parking
4 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
37 FT on W Main st
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | NBRI-000005D-000000-E000110 | Total Assessment | $162,750 |
| Land Assessment | $57,890 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $104,860 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
NBRI-000005D-000000-E000110
Land Assessment
$57,890
Improvements Assessment
$104,860
Total Assessment
$162,750
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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682 W Main St
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