Coldwell Banker Commercial Realty presents for sale 259-279 New Britain Road, located in Berlin, CT. This stabilized investment opportunity consists of two buildings on 1.87 acres. The first building is a 2,120 sq. ft. retail building that is currently home to a barber and a bakery. The addition of a drive-thru may be possible and would significantly increase the rental income. Also included is a nearly 28,000 sq. ft. office building. A nice mix of tenants supply a steady stream of income to the owner. Two units are currently available for lease, making this an excellent opportunity for an owner-user.
| Property Type | Office Bldg |
|---|---|
| Year Built | 1954 |
| Renovated Year | 2021 |
| Zoning | R-11 |
| Cap Rate Percentage | 8 |
| Listing ID | 9PHBNF |
| Style | Office Bldg -General |
| Building Size | 30,120 SF |
| Lot Size | 1.87 AC |
Region: Berlin