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255 Main St, Bristol, 06010

REDUCED 4% Commercial/Investment - Other For Sale

$650,000

Beds
Baths
6,720Sqft
.09Acres
1904Built
147DOM
MLS® #: 170250220
Show, 147 Days on Market

This asset is a mixed use building, consisting of 8 one bedroom apartments and 2 commercial retail spaces. The building is a brick exterior, and is located just seconds away from Bristol's downtown redevelopment. The residential units are easily rented between $700-$800 per month, tenants pay electric heat and hot water. The apartments average about 500-550 square feet in size. The apartments are all updated with newer kitchens and bathrooms. One commercial unit is currently occupied on a long term lease at $850 month, and is operating as a deli and mini market. The other commercial space is currently available for lease at $850 month. The commercial spaces consists of approximately 1,000 square feet each and could be retail or professional use. The current owner added a new rubber roof to the property. The back stairwell has been updated. The building is easily access from the highway using Rte. 72, and is located directly across the street from the Bristol Public Library. There is on-street parking available, and there are three off street parking spaces. Additional spots potentially available in nearby shared or municipal lots. Pro Forma operating statement available, which reflects an NOI of about $56,000 per year and a CAP Rate of over 8% at the current offering price.

Essential Information

MLS® #: 170250220
Price: $650,000
Bathrooms: 0.00
Square Footage: 6,720
Acres: 0.09
Year Built: 1904
Type: Commercial/Investment
Sub-Type: Other
Status: Show

Community Information

Address: 255 Main St
Area: N/A
City: Bristol
County: Hartford
State: CT
Zip Code: 06010

Amenities

Utilities: Electric
Parking: None
Garages: None

Interior

Heating: Electric, Baseboard
Cooling: None
# of Stories: 3

Exterior

Lot Description: Corner
Roof: Flat, Rubber
Construction: Frame, Masonry
Foundation: Masonry

Additional Information

Date Listed: November 5th, 2019
Days on Market: 147
Zoning: BD-1

Listing Details

Listing Office: Tier 1 Real Estate

Financials

$/SqFt: $97

©2020 Listings courtesy of the Connecticut Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing data is deemed reliable but is not guaranteed accurate by the MLS.