84 Church St Naugatuck, CT 06770
- Retail space
- 5,300 SF
- 0.10 lot acres
Nov 25, 2024
Current Use by Public Records
- Retail space
Property Details for 84 Church St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.10 lot acres
- Property size
- 5,300 SF
- Zone code
- R8
- Property type
- Retail space
- APN
- NAUG M:057 L:3200
- APU
- NAUGM057L3200
Description
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.
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
- Naugatuck
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0562
- Latitude
- 41.4886
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
