224 South Main Street, BotsfordNewtown, CT 06470MLS Number 170603719

  • Price: $1,200,000
  • 138 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
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224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470224 South Main Street Newtown CT 06470
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  • 1.73Acreage
  • 6Bathrooms
  • 2006Year Built
  • 6,000Square Feet

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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.
Listed by Jeanette Politano of Coldwell Banker Realty

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More Info

Basic Information

  • Broker NameColdwell Banker Realty
  • List Price$1,200,000
  • MLS Number170603719
  • Property TypeCommercial For Sale
  • StatusSHOW
  • TownNewtown
  • Gross annual expense$28,373
  • Gross annual income$96,071
  • MLS StatusUnder Contract - Continue to Show

Interior

  • Handicap FeaturesAccessible Bath, Handicap Parking
  • Interior featuresLoading - Grade, Window Display

Utilities

  • Heat SystemHot Air, Zoned
  • Heating FuelNatural Gas
  • Utilities availableElectric Available, Gas, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Zoned
  • Sewage systemShared Septic

Tax Information

  • Assessed value$537,610
  • Tax YearJuly 2023-June 2024
  • Milrate total26
  • Taxes$14,107

Building

  • FoundationBlock
  • RoofFiberglass Shingle
  • Year Built2006
  • Half Baths6
  • Bathroom6
  • FlooringTile, Wood
  • Ceiling height9
  • Garage Parking InfoPaved, Unassigned Parking, Parking Lot
  • New construction typeNo/Resale
  • Square Feet6,000
  • Restrooms number of6
  • Stories1

Other

  • Date Listed10/11/2023
  • Documents AvailableDemographic Data, Legal Description, Photo/Survey
  • Net operating income67698
  • Present useInvestment Property
  • Potential useInvestment Property
  • View Count11

Basic Information

  • Agent ID18689

Location

  • CountyFairfield
  • LocationSuburban, Strip Mall
  • NeighborhoodBotsford
  • StateCT
  • Zip06470

Property

  • Acreage1.73
  • Lot DescriptionDry, Corner Lot, Level Lot, Sloping Lot
  • Parking Spaces
  • Business includedNo
  • Road Frontage DescriptionInterstate Highway

Exterior

  • Exterior features
    • Awnings
    • Door Sign
    • Doors - 10-15 ft
    • Gutters
    • Lighting
    • Pole Sign
    • Roof Sign
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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