Property summary
This exceptional 1600-square-foot commercial condo unit at 50 Progress Circle, Unit 7A, Newington, CT, presents a unique investment opportunity. Currently thriving as an established event venue, this versatile space offers immediate income potential and significant flexibility for future use. The property boasts updated porcelain flooring throughout, a well-appointed kitchen area, and two modern bathrooms. Recessed lighting and two elegant chandeliers create a sophisticated ambiance, perfect for both events and professional office settings. The roof was recently replaced in 2020, ensuring long-term peace of mind. Its convenient location offers seconds of access to the Berlin Turnpike and major highways, providing excellent visibility and accessibility for clients and employees alike. The sale includes the existing business, offering a turnkey operation for a new owner. This is an exceptional opportunity to acquire a profitable, well-maintained commercial property in a prime location with immediate income potential and the adaptability to suit a variety of business needs. The property is a general commercial condo, situated on a 0-acre lot. The asking price is $299,800.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center
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Landscaping General Contractor
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Industrial Manufacturer
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Hotel & Motel Resort
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
PD · Newington, CTBusiness (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…
What can be built and operated here — officially.
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