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    1700 Straits Tpke Middlebury, CT 06762

    Sponsored
    For Sale
    $3,900,000

    15.38 Acres, Mixed-Use Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.38-acre commercial property in Middlebury, Connecticut, presents a unique investment opportunity. Situated at the highly visible corner of Route 63 and Park Road, this strategically located parcel boasts 1,000 feet of frontage on Route 63, a major thoroughfare with a documented traffic count of 15,400 vehicles. The property is zoned CA-40, permitting a variety of commercial uses. Currently improved with a bank, convenience store, and gas station, this site offers significant redevelopment potential for a range of businesses. The asking price is $3,900,000. The property's location at a traffic signal ensures high visibility and accessibility, making it ideal for businesses seeking maximum exposure. The expansive lot size allows for substantial expansion or the development of multiple commercial ventures. Detailed information, including site plans and zoning regulations, is available upon request. This is a rare opportunity to acquire a substantial commercial property in a thriving Connecticut market with excellent visibility and high traffic volume. The existing structures provide immediate income potential, while the expansive land offers significant long-term growth opportunities. Don't miss this chance to secure a prime commercial location in a desirable area. Contact us today to learn more.

    Property Features for 1700 Straits Tpke

    General Information

    Property type
    Automotive properties
    Lot Size
    669,953 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.092679
    Latitude
    41.558696

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    FAQs

    What type of property is this?
    Automotive property - 15.38 Acres, Mixed-Use Potential, Prime Location
    Where is this automotive property located?
    The property is located at 1700 Straits Tpke Middlebury, CT.
    What is the asking price?
    The asking price for this property is $3,900,000.
    Request Owner's contact information
    1700 Straits Tpke 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
    1700 Straits Tpke Middlebury, CT 06762
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