For Sale
$649,900

300 Main St New Britain, CT 06052

4-Unit Mixed-Use Building, New Britain, CT

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 4-unit mixed-use building situated at 300 West Main Street in New Britain, Connecticut. The property, a three-story, 3,174 square foot building constructed in 1900, sits on a 0.23-acre lot and is zoned RO. The building comprises three apartments – a one-bedroom, a two-bedroom, and an efficiency unit – and one office space currently under a one-year lease. Two of the apartments are updated and vacant, ready for immediate occupancy. The building boasts significant upside potential, with estimated rental income exceeding $4,550 monthly based on market rates of $1,150 for the one-bedroom and $1,300 for the two-bedroom units. The office space features a reception area, conference room, and three private offices, complete with central air conditioning. Building amenities include six or more parking spaces, gas heat and hot water, and a 200 AMP electrical service. Major upgrades, including window and roof replacements, were completed approximately 16 years ago. The property includes two boilers, one hot water heater, and one electrical system. All utilities are included in the rent. This prime location offers excellent visibility and is conveniently situated near Walnut Hill Park and the Museum of Natural Art. The asking price for this multifamily investment is $649,900. This property presents a compelling opportunity for both investors seeking strong returns and owner-occupants looking to offset mortgage costs.

Highlights

  • Exceptional 4-unit mixed-use investment opportunity in New Britain, CT.
  • Three-story, 3,174 sq ft building on a 0.23-acre lot, zoned RO.
  • Features three apartments (one 1-bed, one 2-bed, one efficiency) and one leased office space.
  • Two vacant, updated apartments ready for immediate occupancy; potential monthly rental income exceeding $4,550.
  • Office space includes reception, conference room, three private offices, and central AC.
  • Six+ parking spaces, gas heat & hot water, 200 AMP electrical service.

Property Details for 300 Main St

Property type
Mixed-use properties, Apartment buildings
Square Feet
3,174 SF
Class
C
Year Built
1900
Stories
3
Lot Size (sq. ft)
10,019 SF
Units
4

Location Insight

City
New Britain
County
Hartford
State
Connecticut
Latitude
41.6654873
Longitude
-72.7913832

FAQs

What type of property is this?
Mixed-use property - 4-Unit Mixed-Use Building, New Britain, CT
Where is the mixed-use property located?
The property is located at 300 Main St New Britain, CT.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Exceptional 4-unit mixed-use investment opportunity in New Britain, CT.; Three-story, 3,174 sq ft building on a 0.23-acre lot, zoned RO.; Features three apartments (one 1-bed, one 2-bed, one efficiency) and one leased office space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
300 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message