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
: Hot Air, Zoned
: Central Air, Zoned
: Paved, Parking Lot, Unassigned Parking
: Block
: Natural Gas
: Gutters, Lighting, Doors – 10-15 Ft, Awnings, Roof Sign, Pole Sign, Door Sign
: Wood, Tile
: Handicap Parking, Accessible Bath
: Window Display, Loading – Grade
0
0
: Suburban, Strip Center
: Level Lot, Dry, Sloping Lot, Corner Lot
: Public Water Connected
Address Map
Main
224
Street
0
W74° 43′ 35.3”
N41° 22′ 32.5”
South
MLS Addon
Coldwell Banker Realty
Jeanette Politano
13/10/2023 05:36:17
18689
1175808
1084647
CBTR70
July 2023-June 2024
ROUTE 25/S MAIN STREET TO #224. PROPERTY IS ON THE PARCEL NEXT TO SAND HILL PLAZA.
$0
Other
1
207772
Yes
$14,107
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
Style : Colonial
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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