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125 Whiting St New Britain, CT 06051

For Sale
$1,600,000

9,400 SF, 100% Leased, High NOI

Property size:
9,400 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
This exceptional investment opportunity presents a 9,400-square-foot, single-tenant building located at 125 Whiting Street in New Britain, Connecticut. The property, built in 1981 and fully renovated in 2023, boasts a 100% occupancy rate with a strong corporate guarantee. The building sits on a 0.70-acre lot and is zoned B3, offering significant potential. The single-story, brick/masonry structure features central heating and is conveniently located with easy access to Routes 9 and 72. The current Net Operating Income (NOI) is $122,800, resulting in a compelling 7.68% cap rate. The asking price is $1,600,000. This property is ideal for investors seeking a stable, high-performing asset with a strong tenant and significant upside potential. The lease is a NNN (Net, Net, Net) structure. The property is currently used as a school, but the B3 zoning allows for flexibility in future uses.

Property Features for 125 Whiting St

General Information

Property type
Schools
Square Feet
9,400 SF

Building Details

Year Built/Renovated
1981/2023
Buildings
1
Stories
1
Units
1

HighLights

  • 0.70‑acre lot
  • B‑3 zoning
  • Brick/masonry building
  • Central heating system
  • 1981 construction
  • Strong corporate tenant currently occupies the property
Property Profile Insight Report Location Intelligence

Current Use by Public Records

InBloom Autism Services ... Applied Behavior Analysis Therapist

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
New Britain
County
Hartford
State
Connecticut
Longitude
-72.7784541
Latitude
41.660884

FAQs

What type of property is this?
School - 9,400 SF, 100% Leased, High NOI
Where is this school located?
The property is located at 125 Whiting St New Britain, CT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 0.70-acre lot; B-3 zoning; Brick/masonry building
More about this property
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