500 Burritt St New Britain, CT 06053-3615
- Showrooms
- 8,904 SF
- 0.24 lot acres
Aug 18, 2023
Current Use by Public Records
- Showrooms
Property Details for 500 Burritt St
- Year built
- 1907
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Property size
- 8,904 SF
- Zone code
- A1
- Property type
- Showrooms
- APN
- NBRI M:D5A B:70
- APU
- NBRIMD5AB70
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Britain
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7941
- Latitude
- 41.6782
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
