125 Whiting St New Britain, CT 06051
- Showrooms
- 9,400 SF
- 0.70 lot acres
Current Use by Public Records
- InBloom Autism Services | New Britain / Applied Behavior Analysis Therapist
Property Details for 125 Whiting St
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.70 lot acres
- Property size
- 9,400 SF
- Zone code
- B3
- Property type
- Showrooms
- APN
- NBRI M:C9A B:77
- APU
- NBRIMC9AB77
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Britain
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7784
- Latitude
- 41.6609
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
