For Sale
$489,000

162 South StBristol, CT 06010

High-yield office building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,065 sq ft Class B office building in Bristol, CT, presents a compelling investment opportunity. Located on a 0.53-acre corner lot at 162 South St (06010), this single-story building boasts high visibility with 14,700 vehicles passing daily. Currently configured for medical use, the space is adaptable to various professional uses. The building features 18 parking spaces, with potential for expansion on the rear of the lot. A 930 sq ft lower-level basement offers additional storage or expansion possibilities. The property includes one unit, fully leased, generating a Net Operating Income (NOI) of $56,524 and a cap rate of 11.56%. The asking price is $489,000. Built in 1990 and renovated that same year, the property is zoned BD-2. This is an ideal opportunity for owner-occupancy or investment. The building's strong cash flow and prime location make it a highly attractive proposition. The property is situated in Hartford County, Connecticut.

Highlights

  • $489,000 asking price for this 3,065 SF office building.
  • Located in Bristol, CT at 162 South St, a prime location with high visibility and 14,700 vehicles per day.
  • Class B, single-tenant, 100% occupied building on a 0.53-acre lot with 18 parking spaces.
  • Features 3,065 SF of office space plus a 930 SF lower level, suitable for storage or expansion.
  • Currently leased for medical use, adaptable for other professional uses.
  • Strong financials: $56,524 NOI and 11.56% cap rate.

Property Details for 162 South St

Property type
Office properties, Medical offices
Square Feet
3,065 SF
Class
B
Year Renovated
1990
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
1

Location Insight

City
Bristol
County
Hartford
State
Connecticut
Latitude
41.667806360512
Longitude
-72.942249907637
162 South St, Bristol, Connecticut

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162 South St
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