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    404 Berlin Tpke Berlin, CT 06037

    Sponsored
    For Sale
    Contact for pricing

    Two lots, retail & hotel approvals

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional development opportunity in Berlin, CT, featuring two available lots totaling 445+/- feet of frontage on Berlin Turnpike. One lot has approval for a 7,400 sq ft retail building, priced at $750,000, while the other boasts approval for a 100-room hotel, listed at $1,250,000. Both parcels are delivered 12" below finished grade. This prime location is part of a mixed-use community currently under construction, including 200 apartments and a convenience store with a coffee shop. A land lease is also available. The project's phased approach includes a 10-pump gas station, a 3,320 sq ft convenience store with a 1,000 sq ft drive-through, a 200-unit apartment complex (160 market rate, 40 affordable units) with clubhouse and pool, a 4,780 sq ft retail building, a 2,500 sq ft bank, and a 100+ room hotel. The entire project will offer 478 parking spaces. The BTD zoning permits this diverse development. This is a unique chance to acquire land in a thriving mixed-use community with significant development potential. Ownership is held by BT-2008, LLC.

    Property Features for 404 Berlin Tpke

    General Information

    Property type
    Land

    HighLights

    • Two buildable lots totaling 445+ feet of frontage on Berlin Turnpike in Berlin, CT.
    • One lot approved for a 7,400 sq ft retail building, priced at $750,000.
    • Second lot approved for a 100‑room hotel, priced at $1,250,000.
    • Lots delivered 12" below finished grade.
    • Land lease available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.734781
    Latitude
    41.6388008

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    FAQs

    What type of property is this?
    Land - Two lots, retail & hotel approvals
    Where is this land located?
    The property is located at 404 Berlin Tpke Berlin, CT.
    What are key features of this property?
    This property features: Two buildable lots totaling 445+ feet of frontage on Berlin Turnpike in Berlin, CT.; One lot approved for a 7,400 sq ft retail building, priced at $750,000.; Second lot approved for a 100-room hotel, priced at $1,250,000.
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    Berlin, CT 06037
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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
    404 Berlin Tpke Berlin, CT 06037
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