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Mixed-Use Property with Apartment Building
For Sale
$775,000
Pending

740 Enfield Street, Enfield, CT 06082

Mixed-use property with 5-unit apartment building and storefronts.

Property Size9,718 SF
Lot Size0.60 Acres
Days on Market794

Property Features for 740 Enfield Street

General Information

Standard status Pending
Size 9,718 SF
Lot size 0.60 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,241

Amenities

Central air
Asphalt Shingle Roof
Corner Lot
Baseboard Heating
Central Air Cooling
Dry
Hot Air Heating
Hot Water Heating
Level Lot

Building Details

Year Built 1922
Listing Agency: Century 21 AllPoints Realty
Listed By: HENRY FOLEY · License #REB.0755596
Source: Corcoran
Added: Jun 17, 2024 Changed: Aug 8 Last Checked: Aug 8 at 1:36PM

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 Century 21 AllPoints Realty

Investment Insights

Based on property information with market context.

This property features a 4,000 square foot brick commercial building with a new roof and central air. The sale includes a 5-unit apartment building next door, which also contains two small storefronts. All units are currently rented with good tenants. The property includes a one-car garage in the back, as well as a three-car garage. A driveway is accessible from Route 5 and Alden Avenue. Parking is available in both the front and rear of the building. The town owns a small rectangular piece on the corner. The property benefits from city water and city sewer services. It is being sold AS IS. The annual taxes are $10,345.46, and the water bill is $332.13 every three months. The landlord's electric bill is $61.16 per month. Tenants are responsible for paying all utilities, except for water and sewer, which are covered by the landlord. The 4,000 square foot building with central air can be used for warehouse or storage purposes. This property offers great income potential to help offset costs. The property size is 9,718 square feet.

Key Highlights

  • Includes a 4,000 sq ft commercial building and a 5‑apartment building with two storefronts, all currently rented with good tenants, providing immediate income.
  • Prime corner location with driveway access on Route 5 and Alden Ave, offering ample parking in both front and rear.
  • The commercial building features a new roof and central air, suitable for various uses including warehouse or storage.

Property Analytics

Current Use

Brightening Lives Homecare Home Health Care Service Nick's BARBERSHOP Barber Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Parts Store Auto Repair Shop Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

686
Businesses Nearby

Demographics for 06082, CT

42,141
Population
17,457
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
33.3 sq mi
ZIP Area
1,265
Density / Sq Mi
$91,141
Median Household Income
$53,102
Median Earnings
$1,481
Median Rent
$239,800
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property with 5-unit apartment building and storefronts.
Where is this mixed-use property located?
The property is located at 740 Enfield Street Enfield, CT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Includes a 4,000 sq ft commercial building and a 5‑apartment building with two storefronts, all currently rented with good tenants, providing immediate income.; Prime corner location with driveway access on Route 5 and Alden Ave, offering ample parking in both front and rear.; The commercial building features a new roof and central air, suitable for various uses including warehouse or storage.
More about this property
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