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Property profile & analytics
OFF-MARKET
Showrooms

500 Burritt St New Britain, CT 06053-3615

8,904 SF 0.24 ac lot Built 1907
Entity Owned 2-yr Hold Free & Clear
Property ID
US15-1011829
Property summary
AI-generated overview

This exceptional 8,904-square-foot flex space in New Britain, Connecticut, presents a compelling value-add opportunity. Located at 500 Burritt Street, 06053, this two-story building is zoned A1 and offers significant potential. The property features one loading dock and is priced at $39.31 per square foot. The building boasts a prominent storefront and a spacious open floor plan, ideal for a variety of uses. Recent improvements include a new roof and columns, ensuring the structure is well-maintained. All essential utilities are in place. While currently configured as retail/industrial space, the property's zoning allows for potential conversion into multifamily residences, subject to buyer due diligence. Off-street parking is conveniently located at the rear of the building. This property offers a unique blend of versatility and potential, making it an attractive investment in a desirable location. The building's size and layout provide ample space for customization and adaptation to suit a wide range of business needs or residential conversion plans. This is a rare opportunity to acquire a well-located property with significant upside potential.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1907
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,904 SF
Lot 0.24 ac (10,454 SF)
Zoning code A1
APN NBRI M:D5A B:70
UPID US15-1011829
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Burritt Partners LLC · 2 yrs held
Burritt Partners LLC
since 2023
Last sale
$180,000
7 recorded transactions
2023
$180,000
2023
Price N/A
2001
$58,000
1995
Price N/A
1995
Price N/A
1992
Price N/A
1989
Price N/A
Zoning & alternative use
A1 · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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