$508,500
$535,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
3,029 SqFt
SOLD DATE : 09/22/2023
Key Details
Sold Price $508,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,029 sqft
Price per Sqft $167
MLS Listing ID 170585687
Sold Date 09/22/23
Year Built 1973
Annual Tax Amount $3,169
Lot Size 0.600 Acres
Property Description
Turnkey Commercial / Residential Property Near Cornwall Bridge - A fully renovated commercial building near Cornwall Bridge in Sharon offers great income potential. The residentially zoned, pre-existing non-conforming property has approved commercial use as a Nursery, Antique Store, or Bakery. The large open floor plan contains 3 retail units with tenants open to staying. There is also a separate 1 bedroom, 1 bathroom apartment currently tenanted. Together the 4 units generate $42,000 in annual income. The apartment was renovated 4 years ago and the rest was gutted to studs with a full renovation completed in 2022. Brand new mechanicals, central air, well pump, main electric service and breaker panel, spray foam insulation in ceilings and walls. Highlights include a great location near the bridge, solid tenants in place, and recent top-to-bottom renovation maximizing income potential. Zoning allows for continued commercial use. This is a rare opportunity to acquire an updated commercial property with built-in income in an attractive rural setting.
Location
State CT
County Litchfield
Zoning 2
Interior
Heating Hot Air
Cooling Central Air
Exterior
Garage Unpaved, Off Street Parking
Utilities Available Electric, Gas Available, Phone Available, Cable
Roof Type Asphalt Shingle
Building
Foundation Slab
Sewer Septic, Cesspool
Water Private Well
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Bought with Daniel Kramp • William Pitt Sotheby's Int'l
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Broker | REB.0791464