1030 y 1032

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1030 y 1032

New Britain, CT 06052
Asking Price
$379K
Asset Type
Retail
Class
Class B

What's Special

1030-1032 New Britain Avenue is situated in a high-traffic commercial corridor in the southern portion of New Britain, Connecticut. The property is located within a mixed-use neighborhood characterized by local service storefronts, residential developments, and established retail centers. Nearby amenities include several neighborhood plazas, grocery stores, and fast-food dining options. The location offers direct access to Route 174 and is approximately two miles from the CTfastrak station and major interchanges for Route 9 and I-84, facilitating regional connectivity for commuters and logistics. This retail asset is suited for local businesses requiring consistent street-level visibility and pedestrian accessibility. Ideal use cases include boutique retail, professional services such as insurance or real estate offices, or small-scale convenience repair shops. The typical tenant profile consists of regional entrepreneurs or service providers seeking a functional footprint in a densely populated submarket. The layout supports operations that benefit from window frontage and proximity to established residential neighborhoods, providing a steady base of local clientele for essential goods or professional services.

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NOI
$80,000
Cap Rate
21.11%
DSCR
3.56
Strong
Cash-on-Cash
50.57%
Monthly Payment
$1,875.085
Annual Cash Flow
$57,498.977

Location & Travel Times