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    2 Larkey Rd Middlebury, CT 06762

    Sponsored
    For Sale
    $995,000

    23.5 acres, divisible, I-84 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 23.5-acre industrial-zoned parcel presents a compelling investment opportunity in Middlebury, Connecticut. Located at 2 Larkey Rd, 06762, this property boasts excellent access to major transportation arteries, including I-84 and Route 8, ensuring seamless logistics and connectivity. The site is situated in a high-growth, business-friendly municipality, offering potential for significant tax incentives through the New Airport Enterprise program. The land is divisible, providing flexibility for various development scenarios. Utilities are readily available, with sewer access on the west end in Bridal Trail, and water and gas accessible at the intersection of North Larkey Road and Commerce Drive. The seller is open to considering a lease or build-to-suit arrangement, catering to diverse development needs. This property is offered at $995,000. Its strategic location near the Oxford/Waterbury Airport further enhances its appeal and potential for future growth. This is a rare opportunity to acquire a substantial industrial land parcel in a thriving Connecticut location.

    Property Features for 2 Larkey Rd

    General Information

    Property type
    Land
    Lot Size
    1,023,660 SF

    HighLights

    • 23.5‑acre industrial‑zoned parcel in Middlebury, CT, at 2 Larkey Rd, 06762.
    • Excellent access to I‑84 and Route 8.
    • High‑growth area with potential tax incentives.
    • Divisible land, allowing for flexible development.
    • Utilities readily available (sewer, water, gas).
    • Seller open to lease or build‑to‑suit options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1231585
    Latitude
    41.5211466

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    FAQs

    What type of property is this?
    Land - 23.5 acres, divisible, I-84 access.
    Where is this land located?
    The property is located at 2 Larkey Rd Middlebury, CT.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 23.5-acre industrial-zoned parcel in Middlebury, CT, at 2 Larkey Rd, 06762.; Excellent access to I-84 and Route 8.; High-growth area with potential tax incentives.
    Request Owner's contact information
    2 Larkey Rd Middlebury, CT 06762
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    Middlebury, CT 06762
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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
    2 Larkey Rd Middlebury, CT 06762
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