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    188 Westminster Rd Canterbury, CT 06331

    Sponsored
    For Lease
    $10 SF/Yr ($10,800 /Mo)

    Modern office suites, 1,000-4,000 sq ft.

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Canterbury, CT commercial property, located at 188 Westminster Rd, offers a prime opportunity for businesses seeking flexible office space. The single-story, 12,000 square foot building, constructed in 2006, is classified as Class B and sits on a 2.33-acre lot. The property features a convenient "VC Village Commercial" zoning designation and boasts ample parking with 50 spaces. Currently, 4,000 square feet of space is available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 4,000 square feet. Five contiguous 1,000 square foot units are available. The building offers central air conditioning and is handicapped-accessible. This retail and office space is part of Knollwood Plaza, a modern retail plaza anchored by a new Cumberland Farms, experiencing an average daily traffic count of 6,800 vehicles. Rental rates are competitive, starting at $900 per month plus utilities for a 1,000 square foot unit and $1,650 per month plus utilities for a 2,000 square foot unit. Rates for spaces over 2,000 square feet are negotiable. The landlord may consider a relocation subsidy for established businesses. This property presents a compelling opportunity for businesses seeking a well-located, versatile, and amenity-rich office space in a thriving commercial area.

    Property Features for 188 Westminster Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    B
    Total Rate
    10800

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1000sf
    Size
    1,000 SF
    Rate per SF
    $10

    HighLights

    • 1,000‑4,000 SF of retail space available for lease.
    • Five contiguous 1,000 SF units available.
    • Modern retail plaza with strong visibility.
    • Anchored by Cumberland Farms.
    • Equipped with well/septic, natural gas, and central AC.
    • Fully handicap accessible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Gym & Fitness Pharmacy Department Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Canterbury
    County
    Windham
    State
    Connecticut
    Longitude
    -71.995891
    Latitude
    41.69769825

    Nearby Comparable

    • $950 /Mo
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      Retail Space in Knollwood Plaza

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    Nearby Similar for Lease

    • $1,500 /Mo
      2,680 SF

      Versatile Shop/Garage Space For Rent

      Multi-purpose workspace ideal for trades, hobbies, or small business.
      377 North Canterbury Rd, Canterbury, CT 06331
      View Details
    • $950 /Mo
      11,984 SF

      Retail Space in Knollwood Plaza

      Retail space available in modern plaza anchored by Cumberland Farms.
      188 Westminster Rd, Canterbury, CT 06331
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Modern office suites, 1,000-4,000 sq ft.
    Where is this neighborhood center located?
    The property is located at 188 Westminster Rd Canterbury, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 1,000-4,000 SF of retail space available for lease.; Five contiguous 1,000 SF units available.; Modern retail plaza with strong visibility.
    Request Owner's contact information
    188 Westminster Rd Canterbury, CT 06331
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    Canterbury, CT 06331
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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
    188 Westminster Rd Canterbury, CT 06331
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