The possibilities are endless! This 11,387 sqft brick building with over 4500 sqft paved parking area is located on busy downtown street in the Central Business District. The property is perfectly situated for redevelopment opportunity. Options include retail, office, residential, warehouse, mixed use etc. The building currently has 3 newer separate 200 amp electric units, gas heat, public water & sewer, an extensive ventilation system, 2 overhead garage doors and full glass front facade. The City of New Britain has committed to using funds from a 3.5 million dollar grant for beautification and street safety improvements on Arch Street. Property sold in as-is condition.
Frontage:
Municipal Street,Paved Road
Current Use
Transportation Co.
Permitted Use
Retail, Office, Industrial
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
Additional Land Avail.,Level Lot,Cleared
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Jeffrey Palumbo, Eagle Eye Realty PLLC Email: jpalumbo1861@yahoo.com
139 Arch Street, New Britain, CT, 06051
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
