Retail Shopping Center with Available
For Sale
Contact for pricing
2590 Berlin Turnpike, Berlin, CT 06037
Shopping center with 50% occupancy and up to 7,500 sq ft available, including retail and storage/garage space.
Property SizeContact for details
Days on Market143
Property Features for 2590 Berlin Turnpike
General Information
Standard status
Active
Property subtype
Retail
Occupancy
50%
Site & Location
Traffic Count
12,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
13%
Listing Agency:
Berkshire Hathaway HomeServices New England Properties-Glastonbury
Listed By:
Robert Betz · License #CT 0818606
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices New England Properties-Glastonbury
Investment Insights
Based on property information with market context.
This retail shopping center/plaza is currently 50% occupied and offers available space that could be leased for a mix of uses. The available area is described as up to 7,500 square feet total, including 3,750 square feet of retail space and 3,750 square feet of storage/garage space. Existing tenants have been in place for several years.
The property is located along the Berlin Turnpike with 12,000 VPD noted in the remarks. Adequate parking is available throughout the property, and the landscaping is described as well maintained.
In addition to the current tenant base, the offering includes clean office or retail units that may be suitable for a range of in-plaza needs, subject to applicable lease terms and approvals.
The property is located along the Berlin Turnpike with 12,000 VPD noted in the remarks. Adequate parking is available throughout the property, and the landscaping is described as well maintained.
In addition to the current tenant base, the offering includes clean office or retail units that may be suitable for a range of in-plaza needs, subject to applicable lease terms and approvals.
Key Highlights
- Shopping center currently 50% occupied with up to 7,500 sq ft available
- Available space includes 3,750 sq ft of retail space plus 3,750 sq ft storage/garage space
- Clean office or retail units available
Property Analytics
Property Profile
Current Use
Lease Details
12,000 VPD
Traffic count
50%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
925
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Days Inn Berlin Meriden
Hotels & Casinos
925 visits/mo
0.4 miles
Demographics for 06037, CT
18,855
Population
7,894
Households
2.4
Avg Household Size
48
Median Age
44%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
739
Density / Sq Mi
$110,443
Median Household Income
$60,018
Median Earnings
$1,429
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with 50% occupancy and up to 7,500 sq ft available, including retail and storage/garage space.
Where is this shopping center located?
The property is located at 2590 Berlin Turnpike Berlin, CT.
What are key features of this property?
This property features: Shopping center currently 50% occupied with up to 7,500 sq ft available; Available space includes 3,750 sq ft of retail space plus 3,750 sq ft storage/garage space; Clean office or retail units available
