Mixed-Use Building with Income
For Sale
$775,000
Pending
740 Enfield St, Enfield, CT 06082
4,000 SF commercial building with apartments and storefronts for sale.
Property Size9,718 SF
Lot Size0.60 Acres
Days on Market156
Property Features for 740 Enfield St
General Information
Standard status
Pending
Size
9,718 SF
Lot size
0.60 Acres
Property subtype
Commercial
Building Details
Building Size
9,718 SF
Year Built
1922
Listing Agency:
Century 21 AllPoints Realty
(860) 250-2121
Listed By:
Henry E. Foley · License #REB.0755596
(860) 250-2121
Source:
Elliman
Added: Mar 10
Changed: Aug 10
Last Checked: Aug 10 at 2:40PM
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 an adjacent five-apartment building with two small storefronts. All units are currently rented with good tenants, providing a steady income stream. Additional amenities include a one-car garage in the back and a three-car garage. The property benefits from a driveway on Route 5 and Alden Ave, with parking available both in front and in the rear. The town owns a small rectangular piece on the corner. The property is connected to city water and city sewer. It is being sold AS IS. The annual taxes are $10,345.46, with a water bill of $332.13 every three months and a landlord electric bill of $61.16 per month. The tenants cover all utilities except water and sewer, which are paid by the landlord. The 4,000 sq ft building has central air and can be used for warehouse or storage purposes. This corner location presents a great opportunity to start a new venture and leverage rental income to offset costs. The owner is retiring after 50 years.
Key Highlights
- Commercial building (4,000 sq ft) and 5‑apartment building with two storefronts included in sale.
- Great corner location with parking in front and rear.
- Income‑generating property with all apartments and storefronts currently rented with good tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 4,000 SF commercial building with apartments and storefronts for sale.
Where is this apartment building located?
The property is located at 740 Enfield St 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: Commercial building (4,000 sq ft) and 5‑apartment building with two storefronts included in sale.; Great corner location with parking in front and rear.; Income‑generating property with all apartments and storefronts currently rented with good tenants.
