Property Details

Overview

The owner is motivated and ready to sell this great commercial investment property. Located at 444 Rubber Ave in Naugatuck on a busy main thoroughfare - DOT reports between 7, 000 - 10, 000 cars travel by this property daily so there is plenty of public exposure. Rubber Avenue is undergoing many upgrades and there are several new businesses and big retail outlets that have come to the immediate area. This investment property has municipal-city water, sewer and gas. The structure was initially built in 1950 however, there were three significant additions and capital improvements completed over the last several years. There are 3 separate lease spaces with separate utilities. Two tenants currently occupy all three lease areas. There are 5 year leases in place with tenants paying all NNN expenses. Gross income is almost $50, 000 per year. Approximately 11-13 parking spaces on level asphalt. This is a nice investment with lots of potential for larger retail or busy chain. This commercial property won't last long - set up your viewing as soon as possible. Please note: There are two commercial tenants occupying the property and they operate during normal business hours. The owner wishes to sell the property to an investor or big retail investment group and therefor would like to minimize any inconveniences to tenants. There is no for-sale sign and please be prepared with funding and ready to buy if a showing is requested.