508 Federal Road, Bethel, CT 6801 - retail-commercial property

Detailed information about retail-commercial property which situated in Bethel (6801) city, Connecticut state on 508 Federal Road.

Additional Information: 508 Federal Road has been leasing to retail businesses and apartment tenants for decades and this is the first time on the market for this commercial property located on high traffic Federal Road. Only minutes to the Brookfield Town Center District and is centrally located between the TCD and major Federal Road shopping centers including Costco and BJ's. The building space on the main retail building fronting on Federal road contains approximately 3,200 s.f. with four retail units. Two units are currently leased and two are available for lease at $1,000/month (1,010sf and 880sf). The rear building contains two fully leased one bedroom apartments. Income and expense statements available upon request, current projected annual gross rent revenues are approximately $69,120. The property is situated on 0.86 acres of land with parking areas for 16 vehicles in front of the building with two curb cuts for easy access to Federal Rd., Route 202. The property is zoned “IL-80” which allowances a wide range of potential uses and tenant types. Municipal sewers serve the property. Utilities are C L & P electric and oil heat. Excellent signage on Federal Road. 5 year leases or shorter term leases are available for the retail units with 2 months security. The property Real Estate Taxes are $6,800/year, utilities and other expenses are at $16575 with a projected yearly NOI of $46,000. The property is offered for sale, price is $670,000 with a projected Proforma cap of 6.8%. Call George F. Walker at 203-733-0692 for a visit to the property and further details.