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1-9 Lincoln Park Rd

12,700 SF Industrial Building Preston, CT 06365 £508,593 (£40/SF) 9.38% Net Initial Yield

Investment Highlights

  • Attractive brick building in excellent condition
  • Open space with mezzanine.
  • Level lot with 8800 SQ FT of parking.

Executive Summary

This historic property housed the original Connecticut Brass Corp from 1900 and has retained it's charm, along with many recent updates. The building footprint is almost 12000 SQFT with a 4000 SQ FT mezzanine. There is municipal gas available and also oil heat. There are currently 1 tenants occupying the space. There are 7 overhead doors, 1200 amp updated electrical and LED Lighting. The warehouse and the office each have bathrooms. The open nature of the building offers many options for owner or tenants. Parking lot has 8800 SQ FT of space. Also included is a 729 SQ FT separate office building with gas heat and central AC, which has a full basement. Easily accessible from Route 2A, this quiet location is perfect for your next project.

Property Facts Under Contract

Price £508,593
Price Per SF £40
Sale Type Investment or Owner User
Net Initial Yield 9.38%
Property Type Industrial
Property Subtype
Manufacturing
  • Showroom
  • Industrial Warehouse
Building Class C
Lot Size 1.11 AC
Rentable Building Area 12,700 SF
Number of Floors 1
Year Built 1900
Tenancy Single
Parking Ratio 1.59/1,000 SF
Clear Ceiling Height 24 ft
Level Access Doors 2

Amenities

  • Security System
  • Air Conditioning

Utilities

  • Water - Well
  • Sewer - Septic Field
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PRES M:23-0 B:LIN1 L:9
Land Assessment
£40,257
Improvements Assessment
£213,116
Total Assessment
£253,373

zoning

Zoning Code IND WHSES (Industrial)
IND WHSES (Industrial)
  • Listing ID: 31577617

  • Date on Market: 22/04/2024

  • Last Updated:

  • Address: 1-9 Lincoln Park Rd, Preston, CT 06365

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