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Commercial Lot For Lease
For Lease
$2,000/Mo

723 Farmington Avenue, New Britain, CT 06053

4-acre commercial lot for lease in New Britain, CT.

Space SizeContact for details
Days on Market410

Property Features for 723 Farmington Avenue

General Information

Standard status Active
Zoning T

Building Details

Year Built 2022
Listing Agency: Berkshire Hathaway NE Prop.
Listed By: Jacek Mikolajczyk
Source: Capmarkrealty
Added: Sep 1, 2025 Changed: Oct 5 Last Checked: Oct 14 at 8:25PM

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 NE Prop.

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Investment Insights

Based on property information with market context.

This 4-acre commercial lot is available for lease in New Britain, CT. A 100-year lease is possible, making it suitable for apartment buildings. The property is located adjacent to a school and a recently developed gas station. It benefits from a traffic count of 9,300 cars per day. Situated near the Farmington line, the lot provides access to Highway 84. The location is suitable for a modern apartment complex, senior housing, or a mixed-use project. The property's proximity to educational institutions and retail growth positions it for high demand and consistent rental income.

Key Highlights

  • Commercial 4‑acre lot suitable for apartment buildings or mixed‑use development.
  • Possible 100‑year lease.
  • High traffic count of 9,300 cars per day.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Auto Repair Shop Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby

Demographics for 06053, CT

35,024
Population
14,995
Households
2.3
Avg Household Size
35
Median Age
22%
College-Educated
85%
High-School Grad
7.9 sq mi
ZIP Area
4,433
Density / Sq Mi
$61,498
Median Household Income
$36,132
Median Earnings
$1,288
Median Rent
$201,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - 4-acre commercial lot for lease in New Britain, CT.
Where is this commercial land located?
The property is located at 723 Farmington Avenue New Britain, CT.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Commercial 4‑acre lot suitable for apartment buildings or mixed‑use development.; Possible 100‑year lease.; High traffic count of 9,300 cars per day.
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