27 Main Street, Terryville, CT

• PROPERTY FEATURES: 
• MCP is pleased to present 27 Main St., Terryville available for sale!
• 2-story professional office building on Main St. / Rt-6, Terryville, CT.
• 1st Floor- 2,000 SF- Leased to Bristol Hospital until 02/28/2025.
• 2nd Floor- 2,000 SF- Vacant- 9 private offices, conference room, reception area, storage space, 2 bathrooms and a kitchenette.
• 23 designated parking spaces.
• Excellent location close to Bristol and just a few minutes to Rt-8.
• Ownership proudly refers to this building as “The Nicest Building in Terryville”.
• Ownership has started the process of seeking approvals to convert the 2nd floor into two 1-bedroom apartments and one 2-bedroom apartment. 
• Ownership is also seeking approvals to construct four or five age restricted 55+ condo units in the rear parking lot.
• SALES PRICE: 
• $549,000

FINANCIALS-

• Annual Income-

• 1st Floor – 2,000 SF Leased to Bristol Hospital Multi Specialty Group Inc.

• 1st Floor Lease Expires 02/28/2025

• One 5-Year Option to Extend the Lease Until 02/28/2030.

• 3% Annual Increases

• 2022 Annual Base Income Not Including Nets: $23,897.28

• Annual Income Including Nets & Landscaping & Snowplowing: $33,767.39

• 2nd Floor- 2,000 SF Vacant Office Space Asking $1,333.33 Per Month Gross + Utilities + 50% Landscaping + 50% Snowplowing Expenses

• Potential 2nd Floor Gross Annual Income Including 50% Landscaping & 50% Snowplowing Expenses- $19,000

• Projected Total Income- $52,767.39

• Annual Expenses-

• Taxes- $8,140.22

• Insurance- $1,600

• Landscaping + Snowplowing- $5,000 with 1 Tenant or $6,000 with 2 Tenants (Additional Snowplowing Expense for Back Parking Lot)

• Total Expenses- $14,740.22

• Current NOI

• $19,027.17

• Projected NOI-

• $37,027.17

• Sales Price: $549,000

• SALE- 27 Main St., Terryville
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