84 Church St, Naugatuck, CT 06770

This stabilized, multi-tenant commercial property located at 84 Church Street in Naugatuck, Connecticut, presents a compelling investment opportunity. The 7,950 square foot building, constructed in 1900, sits on a 0.1-acre lot and is zoned R8. Currently boasting 100% occupancy with eight tenants across nine units (three retail storefronts and six office spaces), the property generates a substantial net operating income (NOI) of $53,554, resulting in an attractive 7.67% capitalization rate. The building features two stories and offers 5,300 square feet of net rentable space. This gross lease property is priced at $698,000 and provides a strong cash flow for investors. Its prime downtown location ensures high visibility and accessibility, making it an ideal investment for those seeking a stable and profitable venture in a thriving Connecticut community. The property's strong tenant base and consistent income stream make it a low-risk, high-reward opportunity. The building's age is reflected in its Class C designation. Further details are available upon request.