Listed by Matthews Commercial Properties LLC
$499,000
982 Rubber Ave., Naugatuck, CT
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 5,100
Net Rentable (SqFt) 5,100
Units 2
NOI $33,347
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Options Month-to-month
Price per SqFt $98
Broker Co-Op Yes
Class C
Year Built 1960
Buildings 1
Stories 2
Acreage 2.490
Zoning R15
Parking Spaces 22 spaces
Parking Per SqFt 4.31
Investment Type Owner/User
Retail | 5,100 SqFt
Marketing description
Freestanding Commercial Building on ±2.49 Acres
$499,000
±5,100 SF freestanding commercial building
±2.49 acres
Suitable for owner-user or investor acquisition
Potential apartment conversion opportunity, subject to zoning and municipal approvals
Located along Naugatuck’s primary retail corridor, surrounded by a mix of national, regional, and local retailers
Zoned R15
Investment highlights
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
Month-to-month leases in place
Tenants pay all utilities (separately metered)
NOI: $35,157
Asking Price: $499,000
FINANCIAL SUMMARY
Sale Price: $499,000
Gross Income: $51,336
Expenses:
Taxes: $8,879
Insurance: $3,400
Landscaping / Snow Plowing: 3,900
Total: $16,179
NOI: $35,157
Listing Contacts
Listed by Matthews Commercial Properties LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$33,347.00
$2,778.92/mo
Valuation Metrics
0
DSCR
6.68%
Cap Rate
6.68%
ROI
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