Address
729 North Mountain Road Newington, CT
Price
$ 799,900
Property Attributes
  • MLS#170329966
  • TypeCommercial
  • CountyHARTFORD
  • CityNewington
  • Zip06111
  • StyleCommercial For Sale
  • Year Built1962
  • Taxes16669
  • Price$ 799,900
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage13764
  • Lot Size0.79 Acres
Listing Provided Courtesy Of:
William Raveis Real Estate
Property Description

This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84,834. CLEAN ENVIRONMENTAL! Phase 1 passed! The building offers over 11,000sqft of warehouse with 14.5ft ceiling height and an additional 2,000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease with a 3% rent increase by end of lease term. CAP RATE 10.6%!!

Price History
8/26/2020 Listed $799,900

General Features

Ceiling Height 14.50
Commercial Catagory Industrial, Investment, Office, Other
Location Suburban, Industrial Park, Office Park
Neighborhood N/A
Present Use Atlas Stamping Company
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Gas
Virtual Tour https://app.immoviewer.com/landing/unbranded/5f46e20ac397aa19279bbe9b
Virtual Tour Yn Yes
Year Built 1962
Zoning I

Interior Features

Cooling System Central Air
Heat Fuel Type Natural Gas
Heat Type Hot Air
Interior Features Employee Lounge, Loading - Dock Height
Restrooms Number Of 3
Sq Ft Office 1920
Sq Ft Source Public Records
Sq Ft Total 13764
Sq Ft Warehouse 11844
Total Numof Units 1

Exterior Features

Acres 0.7900
Exterior Features Door Sign, Doors - 10-15 ft, Lighting, Loading Dock/Grade
Foundation Concrete
Garage Parking Info Paved, Off Street Parking, Parking Lot
Lot Description Level Lot
Overhead Doors Number Of 2
Road Frontage Approximate 150
Road Frontage Description Municipal Street, Paved Road
Roof Information Rubber
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06111

Price
AVG $110K
$800K
Taxes
AVG $9,284
$16,669
Visits
AVG 21
20
Year Built
AVG 1969
1962
Walkscore
AVG 45
22
Data Provided by Walkscore ® not using MLS data

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