729 North Mountain Road

Newington, CT
$ 799,900 Beds 0 Baths 3 Sq 13,764 Virtual Tour
Monthly Estimate* How much can I afford?

This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84,834. The building offers over 11,000sqft of warehouse with 14.5ft ceiling height and an additional 2,000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease with a 3% rent increase by end of lease term. CAP RATE 10.6%!!

Commercial

  • Price
  • $ 799,900
  • Lot Size
  • 0.79 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 13,764
  • Full Bathrooms
  • 3
  • Year Built
  • 1962
  • Half Bathrooms
  • 0
  • City, Zip
  • Newington
  • Taxes
  • 16669
  • County
  • HARTFORD
  • Style
  • Commercial For Sale
  • Area
  • MLS#
  • 170329966
  • Zip
  • 06111
Listing Provided by: William Raveis Real Estate

Features

General

Ceiling Height 14.50
Commercial Catagory Industrial, Investment, Office, Other
Location Suburban, Industrial Park, Office Park
Neighborhood N/A
Present Use Atlas Stamping Company
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Gas
Virtual Tour https://app.immoviewer.com/landing/unbranded/5f46e20ac397aa19279bbe9b
Virtual Tour Yn Yes
Year Built 1962
Zoning I

Interior Features

Cooling System Central Air
Heat Fuel Type Natural Gas
Heat Type Hot Air
Interior Features Employee Lounge, Loading - Dock Height
Restrooms Number Of 3
Sq Ft Office 1920
Sq Ft Source Public Records
Sq Ft Total 13764
Sq Ft Warehouse 11844
Total Numof Units 1

Exterior Features

Acres 0.7900
Exterior Features Door Sign, Doors - 10-15 ft, Lighting, Loading Dock/Grade
Foundation Concrete
Garage Parking Info Paved, Off Street Parking, Parking Lot
Lot Description Level Lot
Overhead Doors Number Of 2
Road Frontage Approximate 150
Road Frontage Description Municipal Street, Paved Road
Roof Information Rubber
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Wolcott, CT office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/26/2020 Listed $799,900

Property vs Zip Code Average in 06111

Price
AVG $120K
$800K
Taxes
AVG $9,290
$16,669
Visits
AVG 16
8
Year Built
AVG 1967
1962

Map

729 North Mountain Road Newington, CT is a Single Family Home for sale at $799900 with 13764 sqft and a lot size of 0.79 Acres Acre(s). 729 North Mountain Road Newington has 0 bedrooms, 3 baths and was built in 1962. The property's zip code is 06111 which is in Newington, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.