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    909 Prospect St Naugatuck, CT 06770

    Sponsored
    For Sale
    $1,450,000

    High-yield investment opportunity in CT

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story retail center, located at 909 Prospect Street in Naugatuck, Connecticut, presents a compelling value-add investment opportunity. Built in 2016 and renovated in 2018, the property boasts 7,500 square feet across six units, currently enjoying 92% occupancy. The center features a gross lease structure and a strong net operating income (NOI) of $85,256, translating to a compelling 5.88% capitalization rate. The asking price is $1,450,000, or $193.33 per square foot. Situated on a 1.4-acre lot, the property provides ample parking with a ratio of 40 spaces per 1,000 square feet. This multi-tenant convenience store and shopping center offers a diverse tenant mix and significant potential for future growth. The property's strong performance, desirable location in New Haven County, and value-add potential make it an attractive investment for discerning buyers. The property's 2016 construction and 2018 renovation ensure modern amenities and efficient operations. With its established tenant base and high occupancy rate, this retail center offers immediate cash flow and long-term appreciation potential. The property's strategic location in Naugatuck, Connecticut, provides excellent visibility and accessibility.

    Property Features for 909 Prospect St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,500 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built/Renovated
    2016/2018
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • 7,500 SF retail center in Naugatuck, CT, available for purchase.
    • Asking price: $1,450,000, representing a $193.33/SF price.
    • 5.88% cap rate with a current NOI of $85,256.
    • Multi‑tenant property with six units, currently 92% occupied.
    • Gross lease structure.
    • Located on a 1.4‑acre lot at 909 Prospect St, Naugatuck, CT 06770.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Colour boutique eyelash ... Beauty Salon The Colour Boutique Hair Salon THE HONEY EYED HARE Tattoo Shop Naugatuck Deli Deli Capital Quarry Materials ... Sand & Gravel Supplier

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.016321976954
    Latitude
    41.504844115594

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield investment opportunity in CT
    Where is this lifestyle center located?
    The property is located at 909 Prospect St Naugatuck, CT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 7,500 SF retail center in Naugatuck, CT, available for purchase.; Asking price: $1,450,000, representing a $193.33/SF price.; 5.88% cap rate with a current NOI of $85,256.
    Request Owner's contact information
    909 Prospect St Naugatuck, CT 06770
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    Naugatuck, CT 06770
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    Realmo Value Estimation

    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.

    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.

    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
    909 Prospect St Naugatuck, CT 06770
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