100 Stafford Ave Bristol, CT 06010-4609

Property Details for 100 Stafford Ave

Year built

1950

Construction

FRAME

Lot size

0.51 lot acres

Property size

5,291 SF

Zone code

BN

Property type

Commercial real estate

APN

BRIS M:44 L:165-10

APU

BRISM44L16510

Description

This exceptional mixed-use investment opportunity in Bristol, Connecticut, presents a compelling value-add proposition. The property comprises two buildings totaling 15,348 square feet on a 0.51-acre lot, featuring six units: two retail spaces, three 2-bedroom/1-bathroom apartments, and one 1-bedroom/1-bathroom apartment. Currently boasting 100% occupancy, the property generates a Net Operating Income (NOI) of $60,852. Built in 1940 and 1958, the two-story buildings offer 8,531 square feet of net rentable space, priced at $114 per square foot. The retail spaces are currently leased, with one lease expiring soon, presenting a significant opportunity to increase rental income. The residential units also offer potential for rental increases. Five garage bays and ample surface parking are available. Conveniently located in the Forestville neighborhood, the property benefits from proximity to major roadways (CT Routes 72 and 177, US Route 6, Interstate 84), public transportation, and a strong commercial corridor on Farmington Avenue. The property is also near Bristol Hospital, Tunxis Community College, and the ESPN headquarters, supporting high rental demand. Each unit has separate meters for electricity, gas heat, and hot water (tenant-paid), except for two units and water/sewer (landlord-paid). The strong demographics of the area, with over 70,500 people within a 3-mile radius and an average household income exceeding $107,000, further enhance the investment potential. This property offers a blend of stable income and significant upside through lease renewals and rental adjustments. The fee-simple ownership provides complete control and flexibility for the future.