Description
The owner is motivated and ready to sell this great commercial investment property. Located at 444 Rubber Ave in Naugatuck on a busy main thoroughfare - DOT reports between 7,000 - 10,000 cars travel by this property daily so there is plenty of public exposure. Rubber Avenue is undergoing many upgrades and there are several new businesses and big retail outlets that have come to the immediate area. This investment property has municipal-city water, sewer and gas. The structure was initially built in 1950 however, there were three significant additions and capital improvements completed over the last several years. There are 3 separate lease spaces with separate utilities. Two tenants currently occupy all three lease areas. There are 5 year leases in place with tenants paying all NNN expenses. Gross income is almost $50,000 per year. Approximately 11-13 parking spaces on level asphalt. This is a nice investment with lots of potential for larger retail or busy chain. This commercial property won't last long - set up your viewing as soon as possible.
Please note: There are two commercial tenants occupying the property and they operate during normal business hours. The owner wishes to sell the property to an investor or big retail investment group and therefor would like to minimize any inconveniences to tenants. There is no for-sale sign and please be prepared with funding and ready to buy if a showing is requested.
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Listing Agent: Christopher J Wihbey Courtesy of: Great Estates, CT The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Updated: 30th January, 2023 4:51 AM (UTC)
