154 New Britain AveRocky Hill, CT 06067

Property Details for 154 New Britain Ave

Year built

2007

Lot size

3.00 AC

Property size (Sq ft)

9,000 SF

Property type

Healthcare properties

Property subtype

Other specialty properties

Description

This exceptional 9,000 square foot mixed-use property, located at 154 New Britain Avenue in Rocky Hill, Connecticut, presents a compelling investment opportunity. The building, constructed in 2007, features a blend of retail (6,000 sq ft) and office (3,000 sq ft) space across three stories, boasting 8' and 10' ceiling heights. Situated on a 3-acre lot with ample parking, this property enjoys a 95% occupancy rate, generating a strong net operating income (NOI) of $123,600 and a 7.5% capitalization rate. The asking price is $1,450,000, translating to $161.11 per square foot. The property benefits from its strategic location, offering easy access to I-91, Route 9, and the Berlin Turnpike, experiencing high traffic volume with approximately 13,200 cars passing daily. This commercially zoned property is ideally positioned within a thriving area, surrounded by complementary businesses including a daycare center, hair salon, fitness center, insurance agency, and dental practice. The building's multi-tenant structure provides diversification and stability, making it an attractive investment for discerning buyers seeking a strong return on investment in a desirable Connecticut location. The property's robust financial performance and prime location make it a rare opportunity in the current market.

Location Insight

City

Rocky Hill

County

Hartford

State

Connecticut

Latitude

41.6597

Longitude

-72.6837

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