740 Enfield StEnfield, CT 06082

Property Details for 740 Enfield St

Lot size

0.60 AC

Zone code

BL

Property type

Other commercial real estate

APN

ENFI M:029 L:0011

APU

ENFIM029L0011

Description

This exceptional commercial investment opportunity in Enfield, CT, presents a substantial income-generating portfolio. The property encompasses a 9,718 square foot lot, featuring a 4,000 square foot brick commercial building with a newly installed roof. Its advantageous corner location on Route 5 and Alden Avenue provides excellent visibility and accessibility. The sale includes an adjacent five-unit apartment building, boasting two small, currently rented storefronts. All tenants are considered good, and they are responsible for all utilities. The property also includes a one-car garage and a three-car garage, offering ample parking both in front and in the rear. A driveway provides convenient access from both Route 5 and Alden Avenue. Please note that the town owns a small rectangular parcel of land at the corner of the property. The current owner of CT Custom Cars will continue to operate within the building, with the rental amount to be negotiated separately. The property is being sold "as is." Annual property taxes are $10,345.46, while the quarterly water bill averages $332.13. The landlord's monthly electric bill is $61.16. The landlord is responsible for water and sewer costs. This property offers a strong return on investment with its diverse income streams and established tenancy.

• Alternative Use

  Use

  Valuation

  Residential

  $4,987,018

  Hospitality

  $4,568,082

  Educational

  $3,800,590

  Medical

  $3,931,299

  Retail

  $5,912,030

Location Insight

City

Enfield

County

Hartford

State

Connecticut

Latitude

42.0029

Longitude

-72.5937

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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