520 Corbin Ave

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520 Corbin Ave

New Britain, CT 06052
Asking Price
$485K
Asset Type
Retail
Class
Class B

What's Special

520 Corbin Avenue is situated in a established commercial corridor in New Britain, Connecticut. The property is positioned within a high-density residential neighborhood characterized by diverse local businesses and national retail chains. Nearby amenities include several grocery-anchored shopping centers, casual dining options, and municipal parks. The location offers efficient transportation access, sitting less than a mile from Route 72 and providing direct connectivity to Interstate 84. Local bus transit stops are located along the corridor, facilitating ease of access for employees and patrons arriving from the surrounding Hartford metropolitan area. The site is suited for a variety of retail use cases, ranging from boutique storefronts and specialty shops to professional service offices or small-scale convenience outlets. The typical tenant profile includes local retailers, medical practitioners, or service-based franchises looking to leverage the area’s consistent daily vehicle volume. The property’s footprint and neighborhood positioning lend themselves to businesses requiring neighborhood-level visibility and a stable local customer base. The surrounding demographic supports essential services and consumer goods providers seeking a presence in a mature suburban retail environment.

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NOI
$80,000
Cap Rate
16.49%
DSCR
2.78
Strong
Cash-on-Cash
35.19%
Monthly Payment
$2,399.515
Annual Cash Flow
$51,205.816

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