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    279 New Britain Rd Berlin, CT 06037

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $2,700,000

    30,120 SF Two Office Buildings on 1.87 AC

    Property size:
    30,120 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    272
    Coldwell Banker Commercial Realty presents for sale 259-279 New Britain Road, located in Berlin, CT. This stabilized investment opportunity consists of two buildings on 1.87 acres. The first building is a 2,120 sq. ft. retail building that is currently home to a barber and a bakery. The addition of a drive-thru may be possible and would significantly increase the rental income. Also included is a nearly 28,000 sq. ft. office building. A nice mix of tenants supply a steady stream of income to the owner. Two units are currently available for lease, making this an excellent opportunity for an owner-user.

    Property Features for 279 New Britain Rd

    General Information

    Property type
    Other office properties
    Investment Type
    stabilized
    Square Feet
    30,120 SF
    Price / Square Foot
    $89
    Elevators
    N/A
    Lot Size
    81,457 SF

    Building Details

    Year Built/Renovated
    1954/2021
    Buildings
    2
    Stories
    1
    Location Intelligence

    Current Use by Public Records

    Morelli Stephen M Attorney Capital Concepts LLC Financial Planner Jill Moorcroft, D.O. Family Practice Physician Dr. Thomas A. Moorcroft, ... Family Practice Physician Origins Of Health Osteopath

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    State
    Connecticut
    Longitude
    -72.769313
    Latitude
    41.641079

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    FAQs

    What type of property is this?
    Office property - 30,120 SF Two Office Buildings on 1.87 AC
    Where is this office property located?
    The property is located at 279 New Britain Rd Berlin, CT.
    What is the asking price?
    The asking price for this property is $2,700,000.
    (860) 307-5945
    Request Owner's contact information
    279 New Britain Rd Berlin, CT 06037
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    Berlin, CT 06037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    279 New Britain Rd Berlin, CT 06037
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