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    2495 Berlin Tpke Newington, CT 06111

    Sponsored
    For Sale
    $2,400,000

    Prime location, vacant, 3,256 sq ft.

    Property size:
    3,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,256-square-foot freestanding building presents a remarkable investment opportunity in Newington, Connecticut. Located at 2495 Berlin Turnpike, this property sits on a sizable 1.3-acre lot, offering ample space for development or expansion. Previously occupied by a Boston Market restaurant, the building is currently vacant and ready for immediate occupancy. Built in 1995, the single-story structure is zoned B-BT, allowing for a variety of uses. The asking price is $2,400,000, or the property can be leased for $130,000 annually in its current condition. This prime location boasts exceptional visibility and high traffic volume, with a daily traffic count of 37,100 vehicles. Situated within a thriving retail corridor, this property offers endless possibilities for a variety of QSR or fast-food concepts. The property's size and location make it an ideal candidate for redevelopment or repositioning to meet the demands of today's market. Don't miss this chance to acquire a highly desirable commercial property in a bustling Connecticut town. The property is located in Hartford County, Connecticut, with a zip code of 06111.

    Property Features for 2495 Berlin Tpke

    General Information

    Property type
    Restaurants
    Square Feet
    3,256 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1995
    Stories
    1

    HighLights

    • 3,256 SF freestanding building on a 1.3‑acre lot in Newington, CT.
    • Located at 2495 Berlin Turnpike, with high visibility and 37,100 VPD.
    • Currently vacant, ready for immediate occupancy; previously a Boston Market.
    • Zoned B‑BT, allowing for various uses, ideal for QSR or fast‑food.
    • Asking price: $2,400,000; Annual lease rate: $130,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7101263
    Latitude
    41.6840471

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    FAQs

    What type of property is this?
    Restaurant - Prime location, vacant, 3,256 sq ft.
    Where is this restaurant located?
    The property is located at 2495 Berlin Tpke Newington, CT.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 3,256 SF freestanding building on a 1.3-acre lot in Newington, CT.; Located at 2495 Berlin Turnpike, with high visibility and 37,100 VPD.; Currently vacant, ready for immediate occupancy; previously a Boston Market.
    Request Owner's contact information
    2495 Berlin Tpke Newington, CT 06111
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    Newington, CT 06111
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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
    2495 Berlin Tpke Newington, CT 06111
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