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$1,500,000
Est. payment /mo
6 Baths
1,126 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,126 sqft
Price per Sqft $1,332
MLS Listing ID 24208209
Full Baths 3
Half Baths 3
Year Built 1953
Annual Tax Amount $19,963
Lot Size 0.490 Acres
Property Description
Package Offering! Two connected buildings situated on one parcel, offering a unique mixed-use investment opportunity with both commercial and residential income, and an adjacent lot included. Building One is an approximately 6,700 SF commercial building featuring a large open floor plan and is currently occupied by a church tenant. Building Two is an approximately 4,418 SF three-family residence featuring a new roof, with all units currently rented below estimated market value, creating future income-growth potential. Annual income from all four occupied units is approximately $106,000. The property also includes two detached garages that are currently not rented, providing additional potential income. Located in the RX1 Residential-Office Corridor Zone, the property offers flexibility for a variety of residential, office, professional, institutional, and service uses, subject to municipal approvals. With multiple existing income streams, below-market residential rents, flexible commercial space, ample paved parking, a new roof on the residential building, and additional untapped income potential, this property presents an attractive opportunity for an investor or owner-user seeking a diversified income-producing asset with long-term upside.
Location
State CT
County Fairfield
Zoning ORG
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Nick Mastrangelo • Coldwell Banker Realty
Nearby Locations
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