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    423 Providence Rd Brooklyn, CT 06234

    Sponsored
    For Sale
    $349,500

    1.14-Acre Pad Site, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.14-acre commercial land parcel, located at 423 Providence Rd in Brooklyn, Connecticut (zip code 06234), presents a unique investment opportunity. Priced at $349,500, this property boasts a prime location directly across from a Walmart Supercenter, ensuring high visibility and significant foot traffic—a daily count of 14,900 vehicles. The site benefits from readily available city water, sewer, and gas utilities. The property is zoned PC, allowing for diverse development options. Conceptual plans already exist for various uses, including retail spaces, self-storage or contractor bays, and even apartment or senior living facilities. This versatility makes it ideal for a range of commercial ventures. Furthermore, an additional 10.48 acres are available for purchase in the rear for $799,500, providing potential for expansion or future development. The lot size can be increased to up to 2 acres at an additional cost. This property's strategic location, utility access, and flexible zoning make it an attractive investment with significant potential for growth and return.

    Property Features for 423 Providence Rd

    General Information

    Property type
    Land
    Lot Size
    49,658 SF

    HighLights

    • $349,500 asking price for 1.14‑2 acres of commercial land.
    • Located across from a Walmart Supercenter in Brooklyn, CT.
    • High traffic count of 14,900 vehicles.
    • City water, sewer, and gas available.
    • PC zoning allows for retail, self‑storage, contractor bays, apartments, and senior living.
    • Adjacent 10.48 acres available for $799,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Windham
    State
    Connecticut
    Longitude
    -71.914419394825
    Latitude
    41.796873581919

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    FAQs

    What type of property is this?
    Land - 1.14-Acre Pad Site, High Traffic
    Where is this land located?
    The property is located at 423 Providence Rd Brooklyn, CT.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: $349,500 asking price for 1.14-2 acres of commercial land.; Located across from a Walmart Supercenter in Brooklyn, CT.; High traffic count of 14,900 vehicles.
    Request Owner's contact information
    423 Providence Rd Brooklyn, CT 06234
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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
    423 Providence Rd Brooklyn, CT 06234
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