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    228 Main St Plymouth, CT 06786

    Sponsored
    For Sale
    $225,000

    Retail/Office Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.65-acre commercial property, located at 228 Main Street in Terryville, Connecticut (zip code 06786), presents a unique investment opportunity. Situated in Litchfield County, this property boasts a highly desirable location on busy Route 6, experiencing a substantial daily traffic volume of 17,500 vehicles (based on 2014 DOT data). The property is zoned C, allowing for versatile commercial development. Currently designated as retail, office, and land, this site is ideal for various uses. The asking price is $225,000. A significant advantage is the inclusion of complete site and architectural plans for a small plaza, streamlining the development process and minimizing upfront planning costs. This ready-to-develop land offers substantial potential for immediate returns and long-term growth. The property's prime location and existing plans make it an attractive proposition for investors seeking a high-traffic, easily developable site in a thriving Connecticut community. The latitude and longitude coordinates are 41.6666423 and -73.008124 respectively. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential.

    Property Features for 228 Main St

    General Information

    Property type
    Land
    Lot Size
    28,314 SF

    HighLights

    • 0.65‑acre commercial lot on high‑traffic Route 6.
    • Includes approved site and architectural plans for a small plaza.
    • Excellent development opportunity.
    • High visibility with 17,500 vehicles per day (DOT 2014 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.008124
    Latitude
    41.6666423

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    FAQs

    What type of property is this?
    Land - Retail/Office Land, High Traffic Area
    Where is this land located?
    The property is located at 228 Main St Plymouth, 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: 0.65-acre commercial lot on high-traffic Route 6.; Includes approved site and architectural plans for a small plaza.; Excellent development opportunity.
    Request Owner's contact information
    228 Main St Plymouth, CT 06786
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    Plymouth, CT 06786
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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
    228 Main St Plymouth, CT 06786
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