172 Maple Street, Naugatuck, CT

About 172 Maple Street

CASH only! Great opportunity to buy a commercial property in A+ central location close to everything. Two 2-bedroom and 1-bath apartments upstairs and a functional restaurant and bar on the main floor (includes commercial kitchen equipment) plus a full basement with a large commercial walk-in freezer and 3 more freezers. Please note the apartments have been remodeled (80% done and need new kitchens and laminate floors). New windows, plumbing, electrical, bathrooms, drywall, lighting. Over $260K in improvements. Needs new kitchens and new flooring. A large parking lot behind the building. 3 electric meters (2 for apartments and 1 for the restaurant); 1 water meter; 1 gas meter for the restaurant (apartments are electric). The restaurant is forced air heat and central air fueled by natural gas. Apartments do not have central air. It may be possible to convert the restaurant into additional apartments, subject to the town's approvals and regulations. Also listed as Commercial. Excellent potential for stable rental income over 15% (est.) annually.

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