Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Investment Opportunity in Little Poland Title is generated by Realmo AI

    527 Burritt Street, New Britain, CT 06053

    View on Map
    Claim this Listing
    For Sale
    $399,000

    Versatile mixed-use property with development potential in a prime location.

    Type:Commercial
    Property size:
    2,428 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $164/SF
    Added:
    Nov 19, 2025
    Days on Market:
    197
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 527 Burritt Street

    General Information

    Standard status
    Active
    Size
    2,428 SF
    Lot size
    0.22 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    JACEK MIKOLAJCZYK
    JACEK MIKOLAJCZYK

    Listing agent JACEK MIKOLAJCZYK License #RES.0797319

    Listing office Berkshire Hathaway NE Prop.

    Listing date Nov 19, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway NE Prop.

    HighLights

    • Rare Single Family‑like 2‑Family Home in Commercial Zone: Offers versatility for residential or commercial use.
    • Mixed‑Use Investment Opportunity in Little Poland: Prime location in a thriving cultural and business district.
    • Adjoining Property with 6‑Car Garage: Provides significant storage or rental income potential.
    • Additional Development Potential on Double Residential Lot: Expands investment possibilities.
    • Option to Convert to Multi‑Family Residence: Increases rental income potential.
    • High Visibility and Accessibility: Ensures business success in a sought‑after area.

    Overview

    This mixed-use property in New Britain's Little Poland presents a rare investment opportunity. The property, resembling a single-family two-family home, is located in a commercial zone and features apartments on the first and second floors. It offers the option to convert into a multi-family residence or maintain its commercial status for office or retail use. An adjoining property includes a large 6-car garage and additional development potential on a double residential open lot, enhancing its flexibility. Situated in a thriving cultural and business district, the location provides high visibility and accessibility. The property spans 2428 square feet. This property offers possibilities for business expansion, residential investment, or future development. The average price to rent garage space in New Britain is $50-$100, offering perfect additional income. The commercial property is sold together with a residential open lot at 166 Miller St, New Britain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7933
    Latitude
    41.6789

    Nearby Similar for Sale

    • $699,999
      2,728 SF

      Well-Maintained Multifamily Investment Opportunity

      Two-family property with updated features and income potential in New Britain.
      383 Osgood Avenue, New Britain, CT 06053
      View Details
    • $725,000
      4,760 SF

      Versatile Commercial Building in New Britain

      Adaptable commercial building with office, garage, and parking.
      551 Stanley Street, New Britain, CT 06051
      View Details
    • $485,000
      7,767 SF

      Historic Mixed-Use Property in New Britain

      Former Avery's Soda property with residential and commercial potential.
      510 Corbin Avenue, New Britain, CT 06052
      View Details
    • $525,000
      3,405 SF

      New Britain Three-Family Home

      Well-maintained 3-family property, ideal for investors.
      811 East Street, New Britain, CT 06051
      View Details
    • $449,000
      2,631 SF

      New Britain Three-Family Home

      Three-unit property near CCSU, businesses, and transportation.
      16 Hurlburt Street, New Britain, CT 06051
      View Details
    • $489,900
      3,480 SF

      Renovated Multifamily Property in New Britain

      Turnkey multifamily property with modern updates and investment potential.
      23 Day Street, New Britain, CT 06051
      View Details
    • $499,990
      3,998 SF

      Spacious Three-Family Home Opportunity

      Impressive three-family home with excellent cashflow potential in New Britain.
      22-24 Kimball Drive, New Britain, CT 06051
      View Details
    • $275,000
      2,112 SF

      Two-Family Residence in New Britain

      Two-unit property with separate entrances, utilities, and detached garage.
      68-70 Pennsylvania Avenue, New Britain, CT 06052
      View Details
    • $575,000
      6,764 SF

      Versatile Commercial Property in New Britain

      Adaptable 6,764 SF property on 0.56 acres with parking.
      55 Curtis St, New Britain, CT 06052
      View Details
    • $995,500
      4,209 SF

      Arch Street Tavern Business Opportunity

      Freestanding restaurant and bar business with real estate for sale.
      85 Arch Street, New Britain, CT 06051
      View Details
    • $459,900
      3,600 SF

      Spacious Three-Family House in New Britain

      Well-maintained three-family house with spacious apartments and recent upgrades.
      15 Tremont St, New Britain, CT 06051
      View Details
    • $459,900
      2,600 SF

      Turnkey Two-Family Home

      Move-in ready two-family home in convenient New Britain location.
      33 Andrews St, New Britain, CT 06051
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property with development potential in a prime location.
    Where is this mixed-use property located?
    The property is located at 527 Burritt Street New Britain, CT.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Rare Single Family‑like 2‑Family Home in Commercial Zone: Offers versatility for residential or commercial use.; Mixed‑Use Investment Opportunity in Little Poland: Prime location in a thriving cultural and business district.; Adjoining Property with 6‑Car Garage: Provides significant storage or rental income potential.
    (860) 677-4949
    We can help!
    Listing Contact
    JACEK MIKOLAJCZYK
    JACEK MIKOLAJCZYK
    Real Estate License ID: RES.0797319
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    527 Burritt Street, New Britain, CT 06053
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!