Property profile

469 Rubber Ave Naugatuck, CT 06770

OFF-MARKET
Gas stations
Property ID
US15-0005641
3,392 SF 2.01 ac lot Built 1960
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,700 square foot retail or restaurant space is available for lease at 469 Rubber Avenue in Naugatuck, Connecticut. Located in New Haven County, this single-tenant property boasts a prime location and underwent a complete renovation in 2022. The building, constructed in 1960, is fully built-out and currently operational, offering a turnkey opportunity for a new business. The space is equipped with separate utilities, including city water, sewer, and gas. Furthermore, landscaping and snow plowing are included in the lease, minimizing operational overhead. The monthly lease rate is $6,000, negotiable. The current tenant, a Frankie's franchise, will be vacating, allowing for a new concept to be implemented. This presents a unique chance to establish a thriving business in a well-maintained and conveniently located property. The property's zip code is 06770. This is an excellent opportunity for a business seeking a move-in ready space with minimal upfront investment.

Property profile

Verified
Property type Gas stations
Use group GAS STATION
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,392 SF
Lot 2.01 ac (87,556 SF)
Zoning code R15
APN NAUG M:022 L:8950
UPID US15-0005641

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Gas Station
  • Gas Station
  • Gas Station
  • Atm

Location

469 Rubber Ave Naugatuck, CT 06770-3715
Naugatuck metro Census 345400 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$622k
Blend (final) Blend
$465k

Owner & transaction history

Zoning & alternative use

R15 · Naugatuck, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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