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    405 Providence Rd Brooklyn, CT 06234

    Sponsored
    For Sale
    $799,500

    Prime 10-acre commercial tract, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.48- to 11.62-acre parcel of land, located at 405 Providence Road in Brooklyn, Connecticut (zip code 06234), presents a unique investment opportunity. Situated in Windham County, this property boasts a highly desirable PC zoning designation, allowing for a variety of commercial, industrial, and residential uses. Conceptual plans already exist for retail spaces, self-storage facilities, contractor bays, apartments, and senior living communities. The property includes a 1,764 square foot house. An additional 1.14-acre pad site is also available for $349,500, offering further expansion potential. The location is highly advantageous, situated directly across the street from a Walmart Supercenter, ensuring high visibility and significant foot traffic. A daily traffic count of 14,900 vehicles further underscores the property's prime location. All essential utilities are readily available, including city water, sewer, and gas. This property offers significant potential for developers and investors seeking a versatile and strategically located land parcel in a thriving area. The asking price for the 10.48-acre parcel is $799,500.

    Property Features for 405 Providence Rd

    General Information

    Property type
    Land
    Lot Size
    456,509 SF

    HighLights

    • Additional 1.14‑acre pad site available for $349,500.
    • City water, sewer, and gas available.
    • Located across from a Walmart Supercenter.
    • 14,900 daily traffic count.
    • Conceptual plans for retail, self‑storage, contractor bays, apartments, and senior living.
    • PC zoning allows for commercial, industrial, and residential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Windham
    State
    Connecticut
    Longitude
    -71.9157965
    Latitude
    41.7952677

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    FAQs

    What type of property is this?
    Land - Prime 10-acre commercial tract, high traffic.
    Where is this land located?
    The property is located at 405 Providence Rd Brooklyn, CT.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: Additional 1.14-acre pad site available for $349,500.; City water, sewer, and gas available.; Located across from a Walmart Supercenter.
    Request Owner's contact information
    405 Providence Rd Brooklyn, CT 06234
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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
    405 Providence Rd Brooklyn, CT 06234
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