147 Quinn Street
Neighborhood Retail Plaza Featuring In-Place Income and Expansion Potential
Marketing description
147 Quinn Street presents a neighborhood retail center strategically positioned within a well-established residential section of Naugatuck. Consisting of approximately 5,308 square feet of commercial space, the property serves as a convenient destination for local residents seeking everyday goods and services close to home. The tenant mix includes food service, beauty, pet care, professional office, and specialty retail uses that benefit from recurring neighborhood traffic and a loyal customer base.
The property is configured into seven units with eight tenant spaces, including an existing lower-level commercial unit. The upcoming availability of the former bagel shop space creates an immediate leasing opportunity while allowing investors to increase revenue and enhance long-term value. Additional basement areas provide storage and potential future utilization opportunities, subject to buyer due diligence and municipal approvals.
Situated on a prominent corner lot with 25 on-site parking spaces, public utilities, and convenient access to Route 8, the property combines the stability of neighborhood-serving retail with multiple opportunities for future income growth.
Investment highlights
- Neighborhood retail center serving surrounding residential communities
- Strong local customer base generated by established residential neighborhoods
- Approximately 5,308 SF of commercial space
- Seven units configured as eight tenant spaces
- Existing lower-level commercial unit
- Upcoming vacancy creates immediate value-add leasing opportunity
- Additional basement space offering future utilization potential
- Diversified tenant mix serving daily neighborhood needs
- 25 on-site parking spaces
- Public water, sewer, and natural gas
- Corner lot with excellent visibility
- Potential for NOI growth through rent increases and lease restructuring
- Opportunity to convert select leases to modified gross or NNN structures upon renewal
- Convenient access to Route 8 and downtown Naugatuck
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