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    1171 Straits Tpke Middlebury, CT 06762

    Sponsored
    For Sale
    $560,000

    Historic storefront, high traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.01-acre storefront property at 1171 Straits Turnpike in Middlebury, Connecticut, presents a unique investment opportunity. Built in 1910, this single-tenancy retail space is situated at the highly visible intersection of Routes 63 and 64, ensuring significant exposure to a substantial volume of daily traffic. The property boasts a permitted R-40 zoning classification, offering flexibility for potential redevelopment or repurposing. Currently configured as a professional office space with a finished full basement, the building's adaptable layout caters to a variety of commercial uses. The substantial lot size provides ample space for expansion, parking, or outdoor amenities. The asking price is $560,000. The property's location in Middlebury, New Haven County, CT (zip code 06762), offers easy access to major transportation routes and a thriving local community. The APN is 4-08-011. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a desirable Connecticut market. The seller is willing to consider a sale contingent upon a zone change.

    Property Features for 1171 Straits Tpke

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,996 SF

    Building Details

    Year Built
    1910

    HighLights

    • Single‑family home with finished basement.
    • Currently used as a professional office.
    • One‑acre lot at the intersection of Routes 63 and 64.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.0899392
    Latitude
    41.5407949

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    FAQs

    What type of property is this?
    Individual retail property - Historic storefront, high traffic location.
    Where is this individual retail property located?
    The property is located at 1171 Straits Tpke Middlebury, CT.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Single-family home with finished basement.; Currently used as a professional office.; One-acre lot at the intersection of Routes 63 and 64.
    Request Owner's contact information
    1171 Straits Tpke 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
    1171 Straits Tpke Middlebury, CT 06762
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