300 Main St New Britain, CT 06051-2246
Property profile & analytics
300 Main St, New Britain, CT 06051-2246
- Showrooms
- 46,134 SF
- 0.36 lot acres
Property ID
US15-0072592
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 300 Main St LLC / Law Firm
- NAPA Auto Parts / Auto Parts Store
- Adora HomeCare, LLC / Home Health Care Service
- Destiny Mortgage Center LLC / Loan Service / Bank
Property Details for 300 Main St
- Year built
- 1925
- Construction
- STEEL FRAME
- Lot size
- 0.36 lot acres
- Zone code
- CBD
- Property type
- Showrooms
- APN
- NBRI M:C7C B:66
- APU
- NBRIMC7CB66
Description
This exceptional investment opportunity presents a 4-unit mixed-use building situated at 300 West Main Street in New Britain, Connecticut. The property, a three-story, 3,174 square foot building constructed in 1900, sits on a 0.23-acre lot and is zoned RO. The building comprises three apartments – a one-bedroom, a two-bedroom, and an efficiency unit – and one office space currently under a one-year lease. Two of the apartments are updated and vacant, ready for immediate occupancy. The building boasts significant upside potential, with estimated rental income exceeding $4,550 monthly based on market rates of $1,150 for the one-bedroom and $1,300 for the two-bedroom units. The office space features a reception area, conference room, and three private offices, complete with central air conditioning. Building amenities include six or more parking spaces, gas heat and hot water, and a 200 AMP electrical service. Major upgrades, including window and roof replacements, were completed approximately 16 years ago. The property includes two boilers, one hot water heater, and one electrical system. All utilities are included in the rent. This prime location offers excellent visibility and is conveniently situated near Walnut Hill Park and the Museum of Natural Art. The asking price for this multifamily investment is $649,900. This property presents a compelling opportunity for both investors seeking strong returns and owner-occupants looking to offset mortgage costs.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,738,000
- AI Estimate
- $2,651,000
Market price range: $1.67M - $3.63MMarket price range: $1.41M - $3.81M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,660,000 Current use
- AUTO REPAIR, GARAGE
- $4,625,000 Change: +74% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,435,000 Change: +67% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $3,195,000 Change: +20% Conversion: Moderate
- WAREHOUSE, STORAGE
- $2,575,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Britain
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7823
- Latitude
- 41.6684
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$92,148
$99,540
$2,228,030
$2,327,570
-
$0.00
$0.00
$0.00
