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    659 Middlebury Rd Middlebury, CT 06762

    Sponsored
    For Sale
    $449,900

    Prime 2.64-acre development site in Middlebury, CT.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.64-acre commercial land parcel, located at 659 Middlebury Road in Middlebury, Connecticut (zip code 06762), presents a unique investment opportunity. Situated in the heart of Middlebury's retail zone, this property boasts a highly desirable location with excellent visibility and accessibility. The site is zoned P.O. 40 Commercial and has previously received approval for the construction of a 7,500+ square foot office building. This significantly reduces the time and cost associated with obtaining necessary permits. The property benefits from readily available city water and sewer services, simplifying development plans. Route 64 provides convenient access, with a daily traffic count exceeding 10,000 vehicles, ensuring high visibility for any future development. The property is offered for sale at $449,900. A ground lease option is also available at $50,000 annually plus taxes. Its proximity to I-84 provides easy access to regional transportation networks, further enhancing its appeal to potential developers and investors. This is an ideal opportunity to capitalize on the strong commercial market in Middlebury, Connecticut. Don't miss this chance to acquire a prime development site in a thriving location.

    Property Features for 659 Middlebury Rd

    General Information

    Property type
    Retail properties
    Lot Size
    114,998 SF

    HighLights

    • 2.64‑acre commercial land parcel.
    • Previously approved for a 7,500+ sq ft office building.
    • City water and sewer available.
    • Located in Middlebury's retail zone.
    • High visibility on Route 64, with 10,000+ vehicles daily.
    • Asking price: $499,900; ground lease option available at $50,000 annually plus taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1103186
    Latitude
    41.537264

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    FAQs

    What type of property is this?
    Retail property - Prime 2.64-acre development site in Middlebury, CT.
    Where is this retail property located?
    The property is located at 659 Middlebury Rd Middlebury, CT.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: 2.64-acre commercial land parcel.; Previously approved for a 7,500+ sq ft office building.; City water and sewer available.
    Request Owner's contact information
    659 Middlebury Rd Middlebury, CT 06762
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    Middlebury, CT 06762
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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
    659 Middlebury Rd Middlebury, CT 06762
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