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Exceptional commercial property in the heart of Connecticut! Perfectly positioned just off of the Berlin Turnpike, this remarkable 5. 62 acre property offers outstanding visibility, accessibility and endless possibilities for investors, entrepreneurs and developers alike! Currently operating as a successful Pet Boarding, Daycare and Grooming facility the property is grandfathered in as such should the new owner wish to grow/expand the business. Approximately 5, 000 square feet of warehouse and office space has been renovated featuring a new commercial roof, durable epoxy flooring throughout, updated electrical, two beautifully remodeled bathrooms (including one with a jetted shower), a kitchen, multiple storage areas and two additional offices or flex spaces. The rear portion of the building offers approximately 3, 500 square feet of open warehouse space ideal for a variety of commercial uses. A standout feature of the property is the impressive 6, 000+ sq. ft. covered outdoor pavilion that has been recently updated with full electrical service creating endless opportunities for business expansion, storage, recreation or future event use. The setting is truly one of a kind! Nestled on 5. 62 picturesque acres, the property overlooks a stunning pond filled with a multitude of wildlife and borders the scenic Mattabesset River, providing a peaceful natural backdrop rarely found in commercial real estate. The current owners have recently been working with the Town of Berlin regarding the potential redevelopment of the property into a wedding and event venue, offering exciting possibilities for future use (potential buyers should of course perform their own continued research/investigation regarding continuing with the approval process but Sellers are willing to assist with plans). With its beautiful grounds, covered pavilion, and exceptional location, the site offers tremendous redevelopment potential for an unforgettable destination venue. A recent site survey has been completed and is available upon request. Whether you are looking to continue operating a thriving kennel business, expand warehouse operations, create a unique event destination or pursue another commercial venture, this property offers unmatched flexibility in one of Connecticut's most centrally located and highly accessible locations. Opportunities like this are truly rare - do not miss your opportunity to take a look at this unique opportunity. Business is NOT for sale but can be negotiated with the building conditional upon potential new owner obtaining all State of Connecticut required permits.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $814 | $814 | $814 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $4,036 | $5,265 |
| Total Monthly Payment | $4,734 | $4,942 | $6,171 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.