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    1340 Main St Coventry, CT 06238

    Sponsored
    For Sale
    $225,000

    1.61 Acres, VG Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.61-acre commercial land parcel presents a prime opportunity for retail development in the thriving town of Coventry, Connecticut. Located at 1340 Main Street, this property boasts unparalleled visibility on a major thoroughfare, benefiting from high traffic counts of 6,400 vehicles per day at the intersection of Main Street and Stonehouse Road. The site includes a 4,476 square foot existing building, offering potential for immediate use or redevelopment. The property is zoned VG, providing flexibility for a variety of retail uses. A completed environmental report is available, streamlining the due diligence process for prospective buyers. Its strategic location places it near numerous established businesses and amenities, ensuring strong customer traffic and convenient access for employees and customers. This is an exceptional opportunity to acquire a well-positioned commercial land parcel in a desirable Connecticut location, ready for immediate development or redevelopment. The asking price is $225,000. The property's address is 1340 Main Street, Coventry, CT 06238. The parcel is situated in Tolland County.

    Property Features for 1340 Main St

    General Information

    Property type
    Land

    HighLights

    • 1.61‑acre commercial land parcel with a 4,476 sq ft existing building.
    • VG zoning allows for flexible retail development.
    • High visibility on Main Street, Coventry, CT, with 6,400 vehicles per day at the Main Street/Stonehouse Road intersection, near numerous amenities.
    • Completed environmental report available.
    • Excellent retail development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.3044955
    Latitude
    41.7700897

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    FAQs

    What type of property is this?
    Land - 1.61 Acres, VG Zoning, High Visibility
    Where is this land located?
    The property is located at 1340 Main St Coventry, CT.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 1.61-acre commercial land parcel with a 4,476 sq ft existing building.; VG zoning allows for flexible retail development.; High visibility on Main Street, Coventry, CT, with 6,400 vehicles per day at the Main Street/Stonehouse Road intersection, near numerous amenities.
    (860) 616-4022
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    1340 Main St Coventry, CT 06238
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    Coventry, CT 06238
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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
    1340 Main St Coventry, CT 06238
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