740 Enfield St Enfield, CT 06082

Property Details for 740 Enfield St

Lot size

0.60 lot acres

Zone code

BL

Property type

Commercial real estate

APN

ENFI M:029 L:0011

APU

ENFIM029L0011

Description

This exceptional commercial investment opportunity in Enfield, CT, presents a substantial income-generating portfolio. The property encompasses a 9,718 square foot lot, featuring a 4,000 square foot brick commercial building with a newly installed roof. Its advantageous corner location on Route 5 and Alden Avenue provides excellent visibility and accessibility. The sale includes an adjacent five-unit apartment building, boasting two small, currently rented storefronts. All tenants are considered good, and they are responsible for all utilities. The property also includes a one-car garage and a three-car garage, offering ample parking both in front and in the rear. A driveway provides convenient access from both Route 5 and Alden Avenue. Please note that the town owns a small rectangular parcel of land at the corner of the property. The current owner of CT Custom Cars will continue to operate within the building, with the rental amount to be negotiated separately. The property is being sold "as is." Annual property taxes are $10,345.46, while the quarterly water bill averages $332.13. The landlord's monthly electric bill is $61.16. The landlord is responsible for water and sewer costs. This property offers a strong return on investment with its diverse income streams and established tenancy.