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    1244 Mill St Berlin, CT 06037

    For Sale
    $3,900,000

    35,270 SF in three buildings with development potential.

    Property size:
    35,270 SF
    Lot size:
    6.73 Acres

    Property Features for 1244 Mill St

    General Information

    Size
    35,270 SF
    Lot size
    6.73 Acres

    Source: Regions Commercial, LLC Agent Michael Guidicelli, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mill Street Development Opportunity

    Mill Crossing, located at 1224 Mill Street, presents an opportunity for investors and owner/users. The property includes 35,270 square feet of space distributed across three buildings, along with excess land suitable for additional development. Situated on a 6.65-acre lot, the property offers over 200 parking spaces. The property's facade and landscaping make it suitable for tenancy. New ownership has the option to maintain the property's current operation while collecting income from existing tenants or revamp current tenant leases. The excess land also presents an opportunity for new development of medical or apartments, subject to town approval.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7171662
    Latitude
    41.6082073

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    FAQs

    What type of property is this?
    Office building - 35,270 SF in three buildings with development potential.
    Where is this office building located?
    The property is located at 1244 Mill St Berlin, CT.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - 35,270 square feet in three buildings.; - 6.65-acre lot with well-groomed landscaping.; - Over 200 parking spaces.
    (860) 371-7103
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    1244 Mill St 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
    1244 Mill St Berlin, CT 06037
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