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    2493 Main St Glastonbury, CT 06033

    Sponsored
    For Sale
    $1,950,000

    Prime 1.15-acre retail development site in Glastonbury, CT.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.15-acre commercial land parcel, located at 2493 Main Street in Glastonbury, Connecticut (zip code 06033), presents a unique investment opportunity. Situated at a signalized intersection, this corner lot boasts excellent visibility and accessibility, with egress onto two streets. The property is zoned for Town Center Village District Overlay, permitting a wide range of uses including retail, office, and restaurant establishments. This makes it ideal for developers seeking to capitalize on the strong demographics and high traffic counts of this affluent Connecticut suburb. The median household income in the immediate area is a substantial $120,065, indicating significant consumer spending power. Development opportunities on Main Street are limited, making this 1.15-acre site a rare find. Note that a portion of the parcel is currently leased, generating existing income. This property offers a compelling blend of immediate return and significant long-term potential for growth within a thriving community. The property's strategic location and flexible zoning regulations provide a solid foundation for a variety of successful commercial ventures. This is a truly exceptional opportunity to acquire a prime commercial development site in a highly desirable location.

    Property Features for 2493 Main St

    General Information

    Property type
    Land
    Lot Size
    50,094 SF

    HighLights

    • Highly desirable Main Street location in affluent suburb with limited new development opportunities.
    • Median household income: $120,605.
    • Corner lot with dual street access.
    • Zoned for Town Center Village District uses (retail, office, restaurants).
    • Existing lease generating rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6101453
    Latitude
    41.7136799

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    FAQs

    What type of property is this?
    Land - Prime 1.15-acre retail development site in Glastonbury, CT.
    Where is this land located?
    The property is located at 2493 Main St Glastonbury, CT.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Highly desirable Main Street location in affluent suburb with limited new development opportunities.; Median household income: $120,605.; Corner lot with dual street access.
    (860) 249-6521
    Request Owner's contact information
    2493 Main St Glastonbury, CT 06033
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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
    2493 Main St Glastonbury, CT 06033
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