Apartment Conversion | 500 Burritt St
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Apartment Conversion 500 Burritt St
8,904 SF 4% Leased Flex Building New Britain, CT 06053 $502,560 CAD ($56.44 CAD/SF)
INVESTMENT HIGHLIGHTS
- Versatile Retail/Industrial building
- Many improvements | LOW TAXES
- Multifamily Conversion
EXECUTIVE SUMMARY
Don't miss out on this exceptional opportunity to acquire a versatile Retail/Industrial building boasting an impressive 8,904 square feet of interior space, complete with convenient off-street parking located at the rear of the premises. With a prominent storefront and a spacious open floor plan spanning all three floors, this property offers endless possibilities for adaptation and transformation. Recent upgrades, including a brand-new roof and columns, make this building ready to fulfill a variety of purposes. Essential utilities are in place and functioning, awaiting a new owner's future build-out. Of particular note is the potential for conversion into multifamily residences, subject to thorough buyer due diligence. The property is located within a residential zoning district, giving it further versatility and value. LOW TAXES - $3,649!
PROPERTY FACTS
| Price | $502,560 CAD | Lot Size | 0.24 AC |
| Price Per SF | $56.44 CAD | Rentable Building Area | 8,904 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built | 1907 |
| Property Subtype | Light Distribution | Parking Ratio | 0.67/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Price | $502,560 CAD |
| Price Per SF | $56.44 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.24 AC |
| Rentable Building Area | 8,904 SF |
| No. Stories | 2 |
| Year Built | 1907 |
| Parking Ratio | 0.67/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 8,550 SF
- Flex
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 8,550 SF | Flex | - | Now |
1st Floor
| Size |
| 8,550 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | NBRI-000005A-000000-D000070 | Improvements Assessment | $95,990 CAD |
| Land Assessment | $41,920 CAD | Total Assessment | $137,909 CAD |
PROPERTY TAXES
Parcel Number
NBRI-000005A-000000-D000070
Land Assessment
$41,920 CAD
Improvements Assessment
$95,990 CAD
Total Assessment
$137,909 CAD
ZONING
| Zoning Code | A1 (Commercial) |
| A1 (Commercial) |
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Apartment Conversion | 500 Burritt St
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