100 Church StNaugatuck, CT 06770

Property Details for 100 Church St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

7,080 SF

Zone code

R15

Property type

Retail properties

Property subtype

Retail space

APN

NAUG M:011 L:9100

APU

NAUGM011L9100

Description

This exceptional mixed-use property at 100 Church Street, Naugatuck, CT 06770, presents a compelling investment opportunity. The 9,144 square foot building, classified as Class B, boasts a strong 8.05% cap rate and a net operating income (NOI) of $114,600. Currently operating at 100% occupancy, the property features two ground-floor retail spaces (each 1,800 square feet) occupied by Appliance Solutions and Tazza Smoothie, both under leases expiring in December 2029, each paying $1,800 monthly rent. Upstairs, six fully renovated apartments generate substantial rental income: four one-bedroom units at $1,500 per month and two studio units at $1,400 per month. All tenants are responsible for their own utilities (electric, gas, water, and sewer). Each apartment includes a stove, refrigerator, dishwasher, washer, and dryer. The building sits on a 0.13-acre lot and is zoned R 15 CBD. The asking price is $1,423,500, making this a highly attractive net lease investment, suitable for a 1031 exchange. The property's strong tenant base, high occupancy rate, and substantial NOI make it an ideal addition to any portfolio. The building is a three-story structure with eight total units. The occupancy date is August 8, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $1,720,687

  6.5%

  $1,588,327

  7%

  $1,474,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,331,184

  Geo Method

  $2,331,184

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,813

  Hospitality

  $1,227,261

  Educational

  $1,021,067

  Medical

  $1,056,183

  Retail

  $1,588,327

Location Insight

City

Naugatuck

County

New Haven

State

Connecticut

Latitude

41.4888

Longitude

-73.0562

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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