136 Main St, New Britain, CT 06051
20 Apartment Units | Online Auction Sale | New Britain, CT 06051
For Sale
Active
28 pictures
- Property Type
-
Multifamily
- Square Feet
- 28,475 SF
Listing Contacts
- Property Info
Property Overview
The Andrews is a 28,475-square-foot mixed-use investment property located at 136 Main Street, New Britain, Connecticut. This property underwent a multimillion-dollar historic restoration and conversion in 2021, transforming it into a premier destination with twenty luxury one-bedroom apartments and a 6,500-square-foot ground-floor retail suite with a commercial kitchen that is currently leased to an experienced restaurateur. The Andrews combines historic Beaux-Arts architecture with modern luxury, offering boutique-style apartments equipped with smart technology, secure keyless entry, sophisticated finishes, and black/stainless steel appliances. In addition, the building offers common amenities such as an elevator, laundry room, and the convenience of having EV charging stations at the parking lot. Situated in beautiful Downtown New Britain, this property provides a rare long-term market opportunity for investors.
The Andrews benefits from its strategic location in the burgeoning Downtown New Britain area, which is experiencing significant growth and revitalization. Tenants enjoy immediate access to downtown with a healthy selection of emerging restaurants, retail shops, and arts organizations. In addition, The Andrews is within a 15-minute drive to Downtown Hartford and West Hartford. The property is conveniently situated within minutes of Routes 9 and 72 and just two blocks from the CTfastrak station, ensuring excellent connectivity. The local population of 158,832 within a 5-mile radius boasts an annual consumer spending of $1.9 billion, with an additional influx of 103,284 daytime employees. Notably, over 50% of the population within a 3-mile radius are renters, highlighting a robust rental market.
New Britain is undergoing a transformative phase, driven by substantial public and private sector investments. Key projects include the CTfastrak, Central Connecticut’s innovative mass-transit system, and the New Britain Energy and Innovation Park at the former Stanley Black & Decker site, which has the potential to create up to 3,000 jobs. Downtown New Britain is also seeing major streetscape upgrades and the redevelopment of the Police Complex, enhancing the area's appeal. Three new mixed-use projects, The Strand (completion 2025), The Brit (pre-leasing now), and The Highrailer (under construction - pre-leasing 2024), will transform New Britain's urban landscape by adding a total of 321 residential units and over 12,000 square feet of prime restaurant/retail space to the city’s walkable downtown. Residents and visitors alike enjoy immediate access to a vibrant downtown, featuring emerging restaurants, retail shops, and arts organizations, making The Andrews an attractive investment in a thriving community.
Property tours are available by appointment only. Please contact the broker to schedule.
The Andrews benefits from its strategic location in the burgeoning Downtown New Britain area, which is experiencing significant growth and revitalization. Tenants enjoy immediate access to downtown with a healthy selection of emerging restaurants, retail shops, and arts organizations. In addition, The Andrews is within a 15-minute drive to Downtown Hartford and West Hartford. The property is conveniently situated within minutes of Routes 9 and 72 and just two blocks from the CTfastrak station, ensuring excellent connectivity. The local population of 158,832 within a 5-mile radius boasts an annual consumer spending of $1.9 billion, with an additional influx of 103,284 daytime employees. Notably, over 50% of the population within a 3-mile radius are renters, highlighting a robust rental market.
New Britain is undergoing a transformative phase, driven by substantial public and private sector investments. Key projects include the CTfastrak, Central Connecticut’s innovative mass-transit system, and the New Britain Energy and Innovation Park at the former Stanley Black & Decker site, which has the potential to create up to 3,000 jobs. Downtown New Britain is also seeing major streetscape upgrades and the redevelopment of the Police Complex, enhancing the area's appeal. Three new mixed-use projects, The Strand (completion 2025), The Brit (pre-leasing now), and The Highrailer (under construction - pre-leasing 2024), will transform New Britain's urban landscape by adding a total of 321 residential units and over 12,000 square feet of prime restaurant/retail space to the city’s walkable downtown. Residents and visitors alike enjoy immediate access to a vibrant downtown, featuring emerging restaurants, retail shops, and arts organizations, making The Andrews an attractive investment in a thriving community.
Property tours are available by appointment only. Please contact the broker to schedule.
Property Details
- Class
- B
- Year Built/Renovated
- 1903/2021
- Stories
- 5
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 16,988 SF
- Units
- 20
Highlights
- The Andrews is in a rapidly growing area experiencing revitalization and economic development, making it an attractive investment opportunity.
- Underwent a multimillion-dollar restoration in 2021, blending Beaux-Arts architectural charm with modern luxury, including smart technology.
- Features 20 luxury one-bedroom apartments and a 2-story 6,500 retail suite leased to an experienced restaurateur, ensuring diversified income streams.
- Located in a robust rental market with over 50% of the population within a 3-mile radius renting, coupled with a local population of 158,832.
- Situated just minutes from major routes 9 and 72, and two blocks from the CTfastrak station, providing excellent connectivity to Downtown Hartford.
- Area benefits from substantial public and private sector investments, which are driving job creation and further economic growth.
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