Renovated Retail
2543-2547 Berlin Tpke Newington, CT 06111
2543-2547 Berlin Tpke, Newington, CT, 06111
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For Sale
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Renovated retail center on a roughly 1.75-acre site with parking and a single curb cut along Berlin Tpke.
Property Size16,852 SF
Lot Size1.75 Acres
Price / SF$142.42
Days on Market105
Property Features for 2543-2547 Berlin Tpke
General Information
- Standard status
- Active
- Size
- 16,852 SF
- Lot size
- 1.75 Acres
- Property subtype
- RETAIL
Listing agency
Colliers - Hartford
(860) 616-4022
Listed by
Nicholas Morizio, SIOR
(860) 616-4022
Source
Moodyscre
Added: Apr 10 Updated: Jul 22 at 8:21PM Checked: Jul 22 at 8:21PM
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 Colliers - Hartford
Investment Insights
Based on property information with market context.
This renovated retail property includes buildings originally constructed in 1954 and 1962, with renovations completed in 2021. The offering comprises multiple retail spaces within an established corridor setting, supported by on-site parking for approximately 20 to 25 vehicles. For signage, the property presents an opportunity along the main frontage.
The site is located on Berlin Tpke and provides 211 feet of frontage with one curb cut for access. The property is described as being in B-BT zoning.
With a total size of 16,852 square feet, this is a well-suited retail asset for tenants or investors looking for an existing retail center configuration in an active commercial corridor.
The site is located on Berlin Tpke and provides 211 feet of frontage with one curb cut for access. The property is described as being in B-BT zoning.
With a total size of 16,852 square feet, this is a well-suited retail asset for tenants or investors looking for an existing retail center configuration in an active commercial corridor.
Key Highlights
- Renovated retail center on a ±1.75‑acre site along Berlin Tpke with 1 curb cut
- Built in 1954 and 1962; renovations completed in 2021
- Established retail corridor with national and regional tenants
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.3k | $18.00 |
| − Vacancy | −$31.2k | −$1.85 |
| EGI | $272.1k | $16.15 |
| − OpEx | −$81.6k | −$4.84 |
| NOI | $190.5k | $11.30 |
16,852 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.17M
NOI $190,465 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.02M
$4.40M – $5.86M
NOI $351,617 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Renovated retail center on a roughly 1.75-acre site with parking and a single curb cut along Berlin Tpke.
Where is this retail space located?
The property is located at 2543-2547 Berlin Tpke Newington, CT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Renovated retail center on a ±1.75‑acre site along Berlin Tpke with 1 curb cut; Built in 1954 and 1962; renovations completed in 2021; Established retail corridor with national and regional tenants
