Description

This offering presents the opportunity to acquire a ±5,100-square-foot freestanding commercial building situated on approximately 2.49 acres along Naugatuck’s primary retail corridor. Surrounded by a diverse mix of national, regional, and local retailers, the property benefits from strong visibility and convenient access within an established commercial area. Zoned R15, the site offers potential future redevelopment or apartment conversion opportunities, subject to applicable zoning requirements and municipal approvals. Currently configured as a fully leased two-unit retail investment, the property generates stable in-place income through month-to-month leases. Both tenants are responsible for their own utilities, which are separately metered, minimizing landlord operating responsibilities. The property produces annual gross income of approximately $51,336 and a net operating income (NOI) of $35,157 after accounting for taxes, insurance, landscaping, and snow removal expenses. Offered at an asking price of $499,000, the asset presents an attractive opportunity for both investors seeking immediate cash flow and owner-users interested in a well-located commercial property with future repositioning potential. The combination of existing income, substantial land area, and redevelopment flexibility enhances the property's long-term investment appeal.