27 Main St. New Britain

27 Main Street New Britain, CT 06051

27 Main Street, New Britain, CT, 06051
27 Main Street, New Britain, CT, 06051
FOR SALE
Property Type:
Other Hospitality
Amount:
Please Call Broker for Price

Last Verified:
Nov 27, 2018

Highlights

  • Great Investment/Development Opportunity
  • 4 Retail Stores (2 Leased, 2 Vacant)
  • 2 Stories for Residential Use With Potential for Up To 22 One Bedroom Apartments
  • Large Basement for Storage
  • Qualified Opportunity Zone
  • High Traffic Count
  • Walkable Area
  • Easy Highway Access

Description

Great investment & development opportunity with 4 retail stores, 2 of which are currently leased. Former 40 unit rooming house on the second and third floor could be converted to approximately 22 one bedroom apartments. The property is located in a busy area with a high volume of general commercial businesses.

Located on 27 Main Street, New Britain, CT. New Britain is the eighth most populous city in Connecticut with just under 75,000 residents and located less than 10 miles from the capital city of Hartford. Route 9 is the city’s main highway while Interstate-84 runs through the northern part of the city. These highways connect New Britain to the capital city. The CT Transit and CT Fastrak are two bus lines that run through the city and into neighboring cities. New Britain is home to two colleges in Central Connecticut State University and Charter Oak State College. New Britain's business community is a rich mix of manufacturing, medical, high-tech industry and small to mid-sized businesses, which fuel our regional economy. Central Connecticut State University also has proved to be a fantastic partner for business development and support.


Year Built: 1918
Building Size: 29948.0sq ft
Lot Size: 0.43 acres

Map of 27 Main Street, New Britain, CT, 06051

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.