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    Spencer Plains Rd Westbrook, CT 06498

    For Lease
    Contact for pricing

    Prime Westbrook, CT Retail Space Available

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 22,000 square foot retail strip center, located on Spencer Plains Road in Westbrook, Connecticut (zip code 06498), presents a unique investment opportunity. Situated on a spacious 20-acre lot in Middlesex County, the property offers flexible space options, with a minimum divisible unit of 1,000 square feet and the potential to lease the entire 22,000 square feet contiguously. Currently, the entire center is vacant, providing a blank canvas for a new tenant or a portfolio of businesses. The property benefits from its strategic location, offering convenient access to Interstate 95 via Exit 66. This high-traffic area is further enhanced by its proximity to established anchors such as Big Y, Kohl's, and Ulta, ensuring high visibility and foot traffic for potential tenants. The property's address is Spencer Plains Road, Old Saybrook, CT, and its geographical coordinates are 41.2925842 latitude and -72.4257558 longitude. This prime retail location presents an unparalleled chance to establish a thriving business in a vibrant and accessible area. The property is classified as a retail strip center with multiple tenancy options. Interested parties should inquire about lease terms and conditions.

    Property Features for 0 Spencer Plains Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF

    Unit(s) available at that property

    Space
    Available Suite 1
    Size
    22,000 SF
    Space
    Available Suite 2
    Size
    22,000 SF

    HighLights

    • 22,000 square foot retail strip center in Westbrook, CT.
    • Located on a 20‑acre lot with I‑95 access (Exit 66).
    • Minimum divisible unit of 1,000 square feet, with potential for contiguous leasing.
    • Currently vacant, offering flexible tenancy options.
    • High visibility location near Big Y, Kohl's, and Ulta.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Westbrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4257558
    Latitude
    41.2925842

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Westbrook, CT Retail Space Available
    Where is this neighborhood center located?
    The property is located at Spencer Plains Rd Westbrook, CT.
    What are key features of this property?
    This property features: 22,000 square foot retail strip center in Westbrook, CT.; Located on a 20-acre lot with I-95 access (Exit 66).; Minimum divisible unit of 1,000 square feet, with potential for contiguous leasing.
    Request Owner's contact information
    Spencer Plains Rd Westbrook, CT 06498
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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
    Spencer Plains Rd Westbrook, CT 06498
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