Published on: Thursday, July 11, 2024
Updated on: Friday, October 18, 2024
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About the Lister
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Name: Lisa Cozzi
Company: Berkshire Hathaway New England Properties
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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Financing  Business  Material
  Industrial Garage-Storage-Warehouse
214 Allen St New Britain Connecticut , 06053
214 Allen St New Britain Connecticut                                                                                         , 06053Berkshire Hathaway New England Properties
Listing ID: CL-Connecticut-10897

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: $65,830
Commission Split (%): 0
Quick Glance
Listing ID: CL-Connecticut-10897
Status: Sold
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1864
Building Size: 18,000.00 SqFt
Lot Size: 18,000.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Attention Investors! Welcome to 214 Allen Street, a well-maintained commercial and industrial space located in the bustling city of New Britain.
Complete Details
Year Build: 1864
Building Size: 18,000 SqFt.
No of Stories: 1
Total Lot Area: 18000 SqFt.
No of Parking: N/A
No of Total Units: 5
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Attention Investors! Welcome to 214 Allen Street, a well-maintained commercial and industrial space located in the bustling city of New Britain. This property presents a unique investment opportunity. With an open concept floor plan, it is ready for a buyer to occupy property for their own business or tenants, even comes with a property manager in place! All tenants must do their own diligence with the town to make sure their "concept" is approved per town zoning and building department. The building is equipped with a new electrical panel and two functional bathrooms, ensuring convenience for all tenants. The roof was renovated approximately three years ago. Strategically located behind a grocery store, this property offers easy access to daily necessities. Please note that auto storage, repair, etc. are not permitted here, and any division of units must be approved by the city. Property conveys as is. This property is one big open space inside and as such it would be perfect as a storage facility. It could also be used as a center by the town or community program. If you have an idea for the space, feel free to reach out to the list agent to brain storm! The seller is motivated and open to offers, making this an opportunity you don't want to miss. For additional information, please request details from the listing agent. Don't hesitate to seize this investment opportunity at 214 Allen Street. Seller financing is available to the buyer. Make an offer today!
Additional Properties
Property Other Use
  • It could also be used as a center by the town or community program.
Property Highlights
  • Strategically located behind a grocery store, this property offers easy access to daily necessities.
  • This property is one big open space inside and as such it would be perfect as a storage facility.
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$95,760
$0
$29,930
$65,830
$0
0%
Cash Flow for Current Listings
Listing Location
Attached Documents
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Listing ID: BZ-Connecticut-12918
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Category: Retail - Grocery
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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Category: Multifamily - Other
Status: Active
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Modified On: 11/22/2024
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