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    655 East St New Britain, CT 06051

    For Sale
    $1,999,999

    3.5-Acre Church & Rectory Complex

    Property size:
    20,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 20,534 square foot property in New Britain, CT, presents a unique redevelopment opportunity. Located on a 3.5-acre corner lot with a traffic signal at 655 East St., 06051, this complex comprises a 1916 rectory (5,718 sq ft) featuring hardwood floors, plaster walls and ceilings in excellent condition, and beautiful wood trim. The 1969 church building offers a unique, non-traditional design with a wide-open floor plan. The first floor encompasses 7,408 sq ft with 16-foot ceilings and durable stucco walls, while the lower level mirrors this size, including a kitchen, large bingo hall, and mechanical rooms. Recently rezoned as Transit Oriented Development (TOD), this site encourages multi-family and mixed-use development, aligning with the city's vision for Newington Avenue realignment. The property's adaptability makes it suitable for office, medical, housing, or mixed-use projects. This is a rare chance to acquire a substantial property in a rapidly evolving area. The asking price is $1,999,999.

    Property Features for 655 East St

    General Information

    Property type
    Land
    Square Feet
    20,534 SF
    Lot Size
    152,460 SF

    HighLights

    • Exceptional 20,534 SF redevelopment opportunity in New Britain, CT.
    • 3.5‑acre corner lot with traffic signal at 655 East St., 06051.
    • Includes a 5,718 SF 1916 rectory with excellent condition hardwood floors, plaster, and wood trim, and a 7,408 SF 1969 church building with 16‑foot ceilings and a wide‑open floor plan.
    • Recently rezoned as Transit Oriented Development (TOD), allowing multi‑family and mixed‑use development.
    • $1,999,999 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    New Britain
    County
    Capitol
    State
    Connecticut
    Longitude
    -72.7635398
    Latitude
    41.6709083

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    FAQs

    What type of property is this?
    Land - 3.5-Acre Church & Rectory Complex
    Where is this land located?
    The property is located at 655 East St New Britain, CT.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Exceptional 20,534 SF redevelopment opportunity in New Britain, CT.; 3.5-acre corner lot with traffic signal at 655 East St., 06051.; Includes a 5,718 SF 1916 rectory with excellent condition hardwood floors, plaster, and wood trim, and a 7,408 SF 1969 church building with 16-foot ceilings and a wide-open floor plan.
    Request Owner's contact information
    655 East St New Britain, CT 06051
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    655 East St
    New Britain, CT 06051
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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
    655 East St New Britain, CT 06051
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