116 Main St, Berlin, CT 06037-2639
This exceptional commercial property located at 116 Main Street in Berlin, Connecticut presents a unique investment opportunity. The property encompasses a well-maintained 1,530 square foot building situated on a level, cleared 1.06-acre lot. The building itself is ideally suited for an auto repair business, boasting three spacious bays perfect for servicing vehicles and a dedicated office area for administrative tasks. The existing business has an established presence and includes a used car license, offering immediate revenue potential for a new owner. The property's ample lot size provides significant expansion possibilities, allowing for future growth and development. The asking price of $725,000 represents exceptional value considering the combination of the building, land, and established business. This turnkey operation is ready for a new owner to step in and continue its success or to explore alternative uses given the versatile nature of the building and the substantial lot size. The property's prime location in Berlin, CT offers easy access to major transportation routes and a strong local customer base. This is a rare opportunity to acquire a profitable business and valuable real estate in a desirable location. Serious inquiries are encouraged.
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Rich's Citgo Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-11 · Berlin, CTBerlin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.