This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
224 South Main Street, Newtown, CT 06470
$1,200,000
224 South Main Street, Newtown, CT 06470View this property at 224 South Main Street, Newtown, CT 06470
224 South Main StreetNewtownCT06470
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
First Time On The Market! 5.6% Cap Rate With 1 Vacancy. Cap Rate Would Be Increased To 7.3% If Fully Occupied At Asking Rental Rate For The 1 Vacant Unit, The Total Gross Income Would Be $116,471. This 1.73 Acre Corner Lot Directly Located On Route 25/Main Street South. This 6,000 Sf, 6 Unit, Free Standing Retail/Office Building Comes Ready To Add Your Business To While Earning Some Great Income. Located Newtown, Fairfield County, Ct. Current Tenants Are A Hairdresser, Bridal Store, Dog Groomer, Massage Spa, A Vacant Unit (B) and An Office User That Will Be Vacating Upon The Sale Of The Building (Unit D/F). This Corner Building Has Signage and Is At The Corner Of The Property and There Is Signage On The Doors and in Some Cases, On The Building. Each Unit Is 1,000 Sf. Built in 2006. City Water, Septic, Gas and A/C. Great Tenants. Great Opportunity To Buy The Building and Put Your Own Business in It.
Full Property Details
Full Property Details for 224 S Main St
General
- Sold For: $1,200,000
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Commercial
- MLS ID: 170603719
- Added to Site: 219 day(s) ago
Interior
- Interior Features: Loading - Grade, Window Display
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 6
- Half Bathrooms: 6
- Restrooms: 6
Exterior
- Exterior Features: Awnings, Door Sign, Doors - 10-15 ft, Gutters, Lighting, Pole Sign, Roof Sign
Parking
- Parking: Paved, Unassigned Parking, Parking Lot
Location
- County: Fairfield
- Neighborhood: Botsford
- Driving Directions: ROUTE 25/S MAIN STREET TO #224. PROPERTY IS ON THE PARCEL NEXT TO SAND HILL PLAZA.
Community
- Community Name: Botsford
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Hot Air, Zoned, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Shared Septic
- Water: Public Water Connected
- Utility Description: Electric Available, Gas, Telephone, Cable
Structural Information
- Construction Status: No/Resale
- Roof: Fiberglass Shingle
- Ceiling Height: 9
- Disability Access: Accessible Bath, Handicap Parking
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 6,000
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Investment Property
- Year Built: 2006
Unit Information
- # Tenants: 5
Unit 1
- Unit Description: Retail
- Square Feet: 1000
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 2
- Unit Description: Retail
- Square Feet: 1000
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 3
- Unit Description: Retail
- Square Feet: 1000
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 4
- Unit Description: Retail
- Square Feet: 1000
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 5
- Unit Description: Office
- Square Feet: 1000
- Total Bathrooms: 1
- Half Baths: 1
- Partial Bathrooms: 1
Unit 6
- Unit Description: Retail
- Square Feet: 1,000
- Total Bathrooms: 1
- Half Baths: 1
- Partial Bathrooms: 1
Lot Features
- Lot Size (Acres): 1.73
- Frontage: Interstate Highway
- Present Use: Investment Property
- Potential Use: Investment Property
- Zoning: B-1
- Lot Description: Dry, Corner Lot, Level Lot, Sloping Lot
Financial Considerations
- Assessment Amount: $537,610
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: Demographic Data, Legal Description, Photo/Survey
- Property ID: 207772
Get Pre-Approved Today
Schools
Schools serving 224 S Main St
School District:Newtown School District
Rating | Name | Grades | Distance |
---|---|---|---|
7 Cold Spring Rd, Newtown, CT 06470 | K-4 | 0.6 mi | |
3 Trades Ln, Newtown, CT 06470 | 5-6 | 2.1 mi | |
11 Queen St, Newtown, CT 06470 | 7-8 | 2.9 mi | |
12 Berkshire Rd, Sandy Hook, CT 06482 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 S Main St
Date
Details
Price
Change
Source
4/10/2024
Sold
$1,200,000
—
MLS
10/11/2023
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
224 South Main Street, Newtown, CT 06470 (MLS# 170603719) is a Commercial property that was sold at $1,200,000 on April 10, 2024. This property was listed by Jeanette Politano from our Trumbull Regional Sales Center Office.Want to learn more about 224 South Main Street? Do you have questions about finding other Commercial real estate for sale in Newtown? You can browse all Newtown real estate or contact a Coldwell Banker agent to request more information.