84 Church StNaugatuck, CT 06770

Property Details for 84 Church St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

5,300 SF

Zone code

R8

Property type

Retail properties

Property subtype

Retail space

APN

NAUG M:057 L:3200

APU

NAUGM057L3200

Description

This stabilized, multi-tenant commercial property located at 84 Church Street in Naugatuck, Connecticut, presents a compelling investment opportunity. The 7,950 square foot building, constructed in 1900, sits on a 0.1-acre lot and is zoned R8. Currently boasting 100% occupancy with eight tenants across nine units (three retail storefronts and six office spaces), the property generates a substantial net operating income (NOI) of $53,554, resulting in an attractive 7.67% capitalization rate. The building features two stories and offers 5,300 square feet of net rentable space. This gross lease property is priced at $698,000 and provides a strong cash flow for investors. Its prime downtown location ensures high visibility and accessibility, making it an ideal investment for those seeking a stable and profitable venture in a thriving Connecticut community. The property's strong tenant base and consistent income stream make it a low-risk, high-reward opportunity. The building's age is reflected in its Class C designation. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,288,085

  6.5%

  $1,189,002

  7%

  $1,104,073

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,095

  Geo Method

  $1,745,095

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,967

  Hospitality

  $918,713

  Educational

  $764,358

  Medical

  $790,646

  Retail

  $1,189,002

Location Insight

City

Naugatuck

County

New Haven

State

Connecticut

Latitude

41.4886

Longitude

-73.0562

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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