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    2495 Berlin Tpke Newington, CT 06111

    Sponsored
    For Lease
    $39 SF/Yr ($10,834 /Mo)

    Freestanding building, 3,256 sq ft, 1.3 acres.

    Lot size:
    3,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2495 Berlin Tpke., Newington, Connecticut 06111, presents a unique investment opportunity. The 3,256 square foot freestanding building sits on a sizable 1.3-acre lot, offering ample space and potential for various uses. Previously occupied by a Boston Market restaurant, the property is available for lease at $130,000 annually in its current condition, or for sale at $2,400,000. The building was constructed in 1995 and features a single-tenant configuration, ideal for a variety of businesses. Its prime location within a bustling retail corridor ensures high visibility and significant foot traffic. The property benefits from an impressive daily traffic count of 37,100 vehicles, guaranteeing substantial exposure for any tenant. This presents a rare chance to acquire a well-situated commercial property with significant upside potential in a thriving retail area. The property is classified as Retail, Land, and Restaurant, offering flexibility for diverse business ventures. Serious inquiries are encouraged.

    Property Features for 2495 Berlin Tpke

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,256 SF
    Total Rate
    10834.34

    Building Details

    Year Built
    1995

    Unit(s) available at that property

    Space
    Size
    3,256 SF
    Rate per SF
    $39

    HighLights

    • Freestanding building totaling 3,256 square feet.
    • Located on a 1.3‑acre lot.
    • Former Boston Market restaurant.
    • Available for lease at $130,000 per year or for sale at $2,400,000.
    • Situated in a high‑traffic retail corridor with 37,100 cars per day.
    • Built in 1995.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7101263
    Latitude
    41.6840471

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    FAQs

    What type of property is this?
    Restaurant - Freestanding building, 3,256 sq ft, 1.3 acres.
    Where is this restaurant located?
    The property is located at 2495 Berlin Tpke Newington, CT.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: Freestanding building totaling 3,256 square feet.; Located on a 1.3-acre lot.; Former Boston Market restaurant.
    Request Owner's contact information
    2495 Berlin Tpke Newington, CT 06111
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    Newington, CT 06111
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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
    2495 Berlin Tpke Newington, CT 06111
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