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Property profile & analytics
FOR LEASE
Showrooms

117 Mount Pleasant Rd Newtown, CT 06470

13,200 SF 2.46 ac lot Built 1978
Entity Owned 14-yr Hold Free & Clear
Property ID
US15-0505040
Property summary
AI-generated overview

This exceptional 11,400 square foot property at 117 Mt. Pleasant Rd, Unit 2, offers a unique blend of retail and warehouse space, ideal for a variety of businesses. The building, classified as Class B, features a flexible layout with multiple suites totaling one unit, currently offering 3,200 square feet of vacant space. The available space can be leased separately, with individual units ranging from 420 to 6,400 square feet. The property boasts a convenient location on Route 6, providing easy access to I-84, ensuring high visibility and excellent accessibility for customers and employees. The building's features include a +/- 10-foot ceiling height, a new roof, updated electrical service, and a convenient 8' x 8' drive-in door for warehouse operations. The space is well-suited for retail, showroom, food service, medical, or traditional office uses. Utilities include city water and sewer, gas heating, central air conditioning, and two bathrooms. The B2 zoning (Retail/Office/Medical) allows for a wide range of permitted uses. This is a prime opportunity to secure a versatile and well-maintained property in a high-traffic location. Don't miss this chance to establish your business in a thriving area with excellent visibility and convenient access to major transportation routes.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,200 SF
Lot 2.46 ac (107,158 SF)
Zoning code B-2
APN NEWT M:6 B:7 L:32
UPID US15-0505040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walker Industrial Factory Industrial Manufacturer
  • Newtown Dance & Theatre Supply Dance Store Entertainment And Recreation
  • Rapadura Brazilian Jiu Jitsu Training Center Sports School
  • Dance Etc Training Center
  • Kennedy Center Project Act Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$841k
Blend (final) Blend
$925k
Owner & transaction history
Starhawk Properties · 14 yrs held
Starhawk Properties
since 2012
4 recorded transactions
2012
$1
1993
$535,000
1993
Price N/A
1990
Price N/A
Zoning & alternative use
B-2 · Newtown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name General Business
General category COMMERCIAL
Zone area 174.18 ac
Source Realmo
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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