$1,200,000
132 Main Street New Britain, CT 06051
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$1,200,000
Est. payment /mo
29,000 SqFt
Active
132 Main Street New Britain, CT 06051
UPDATED:
10/05/2024 01:01 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 29,000 sqft
Price per Sqft $41
MLS Listing ID 24051623
Year Built 1903
Annual Tax Amount $68,301
Lot Size 0.390 Acres
Property Description
$46OK NOI 21 Unit New Apartments Live auction bid on TenX 11.11.24 asking price is starting bid The Andrews is a 28,475 SF investment property that recently underwent a multimillion dollar restoration, office to residential conversion to 20 luxury one-bedroom apartments with an actual net operating income of $460,000. The Andrews combines historic Beaux Arts architecture with modern luxury, offering boutique-style apartments equipped with smart technology, secure keyless entry, sophisticated finishes, and black/stainless steel appliances. In addition, the building offers common amenities such as an elevator, laundry room, and the convenience of having EV charging stations at the parking lot. Situated in beautiful Downtown New Britain, this property provides a rare long-term market opportunity for investors. The Andrews benefits from its strategic location in the burgeoning Downtown New Britain area, which is experiencing significant growth and revitalization. Tenants enjoy immediate access to downtown with a healthy selection of emerging restaurants, retail shops, and arts organizations. In addition, The Andrews is within a 15-minute drive to Downtown Hartford and West Hartford. The property is conveniently situated within minutes of Routes 9 and 72 and just two blocks from the CTfastrak station, ensuring excellent connectivity.
Location
State CT
County Hartford
Zoning CBD
Interior
Heating Gas on Gas, Heat Pump
Cooling Central Air
Exterior
Utilities Available Electric, Gas
Roof Type EPDM Synthetic Rubber
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Michael Guidicelli • Regions Real Estate Advisors
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