162 South StBristol, CT 06010

Property Details for 162 South St

Lot size

0.53 AC

Property size (Sq ft)

3,065 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Bristol

County

Hartford

State

Connecticut

Latitude

41.6678

Longitude

-72.9423

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