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    51 Shunpike Rd Cromwell, CT 06416

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, Route 372

    Lot size:
    21,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Cromwell Square Shopping Center presents a prime retail investment opportunity. This busy shopping center, located on Route 372, boasts a total of 21,872 square feet of leasable space, currently featuring 12,675 square feet of vacant space available for immediate occupancy. The center is strategically positioned between I-91 and Route 9, ensuring exceptional regional accessibility and high visibility for tenants. The minimum divisible space is 1,500 square feet, while the maximum contiguous space available is 6,175 square feet, offering flexibility for businesses of various sizes. This is a multi-tenant property, providing a diverse and vibrant shopping environment. Noteworthy is the ongoing construction of a Shop Rite and a Marshalls, which will significantly enhance the center's draw and foot traffic. This presents a unique chance to establish a presence in a rapidly developing retail hub with strong potential for growth and return on investment. The property's high-traffic location and the addition of major anchor tenants make this an exceptional opportunity for discerning investors seeking a thriving retail space. Contact us today to learn more about leasing opportunities.

    Property Features for 51 Shunpike Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,872 SF

    Unit(s) available at that property

    Space
    Available Space 19
    Size
    3,620 SF
    Space
    Suite 18
    Size
    2,555 SF
    Space
    Suite 7
    Size
    5,000 SF
    Space
    Available Space 13
    Size
    1,500 SF

    HighLights

    • Retail shopping center totaling 21,872 square feet.
    • Multiple tenants.
    • Minimum divisible space of 1,500 square feet.
    • Maximum contiguous space of 6,175 square feet.
    • 12,675 square feet of vacant space available.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Mobile Authorized Retailer Cell Phone Store Massage Envy Massage Spa Block Advisors Tax Consultant cloud world smoke ... Smoke Shop Goldfish Swim School ... Swimming School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6769707
    Latitude
    41.6056797

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, Route 372
    Where is this lifestyle center located?
    The property is located at 51 Shunpike Rd Cromwell, CT.
    What are key features of this property?
    This property features: Retail shopping center totaling 21,872 square feet.; Multiple tenants.; Minimum divisible space of 1,500 square feet.
    Request Owner's contact information
    51 Shunpike Rd Cromwell, CT 06416
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    Cromwell, CT 06416
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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
    51 Shunpike Rd Cromwell, CT 06416
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