O'Neil Plaza Investment
For Sale
Contact for pricing
Pending
2434 Berlin Tpke, Newington, CT 06111
Unanchored strip center with value-add potential in Newington, Connecticut.
Property Size41,833 SF
Days on Market146
Property Features for 2434 Berlin Tpke
General Information
Standard status
Pending
Size
41,833 SF
Property subtype
Retail
Zoning
B-BT
Occupancy
85%
Investment Type
Value Add
Net Operating Income
$218,217
Building Details
Year Built
1945
Year Renovated
1985
Buildings
1
Stories
1
Units
21
Listing Agency:
JLL - Boston, Massachusetts
Listed By:
Zachary Nitsche · License #MA 9574279
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 24 at 5:55AM
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 JLL - Boston, Massachusetts
Investment Insights
Based on property information with market context.
O'Neil Plaza, located at 2434 Berlin Turnpike in Newington, Connecticut, presents a prime investment opportunity. This unanchored strip center offers 41,833 RSF of space and significant value-add potential. The property is strategically situated along the Berlin Turnpike, benefiting from high traffic volume and convenient access to major highways such as I-84 and I-91. Its prominent retail position within Greater Hartford ensures exceptional visibility, making it a desirable destination for both local and traveling customers. With most tenants holding short remaining lease terms, there is a promising opportunity for immediate value appreciation through lease optimization and rent adjustments.
Key Highlights
- High traffic volume location on the Berlin Turnpike in Greater Hartford.
- Significant value‑add potential through lease optimization and rent adjustments due to short remaining lease terms.
- Excellent visibility for retail tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
190k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Groceries 30%
Shops & Services 9%
Hotels & Casinos 1%
McDonald's
Dining
39,158 visits/mo
0.3 miles
Stop & Shop
Groceries
31,343 visits/mo
0.2 miles
Aldi
Groceries
25,578 visits/mo
0.3 miles
Wendy's
Dining
18,810 visits/mo
0.2 miles
Dunkin' Donuts
Dining
14,658 visits/mo
0.3 miles
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Unanchored strip center with value-add potential in Newington, Connecticut.
Where is this strip mall located?
The property is located at 2434 Berlin Tpke Newington, CT.
What is the asking price?
The asking price for this property is $4,340,000.
What are key features of this property?
This property features: High traffic volume location on the Berlin Turnpike in Greater Hartford.; Significant value‑add potential through lease optimization and rent adjustments due to short remaining lease terms.; Excellent visibility for retail tenants.
