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    32 Berkshire Rd Newtown, CT 06482

    For Sale
    $1,300,000

    Prime Newtown location, vacant, build-to-suit option.

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 14,000-square-foot commercial building, situated on a 3.07-acre lot in Newtown, Connecticut, presents a remarkable investment opportunity. Currently vacant, this property is ideally suited for a variety of uses, including retail, restaurant, medical, or office space, thanks to its M-5 (Office/Retail/Industrial) zoning. The building boasts 88 parking spaces and offers excellent visibility with approximately 410 feet of road frontage on Route 34 (Berkshire Road). Its strategic location provides convenient access to I-84 via the new Exit 11 ramp and Route 25, benefiting from a daily traffic count of approximately 25,200 vehicles. The property is available for sale as is, with all necessary approvals in place, or the owners are open to build-to-suit options to meet specific tenant requirements. Approved plans allow for fantastic signage opportunities on both the building and the road, and a drive-thru is also a possibility. The asking price is $1,300,000, translating to $92.86 per square foot. This property is a rare find, offering a combination of size, location, and flexibility that is sure to attract significant interest. The property is located at 32 Berkshire Rd, Newtown, CT 06482.

    Property Features for 32 Berkshire Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,000 SF
    Lot Size
    133,729 SF

    HighLights

    • Drive‑thru potential.
    • Approved signage opportunities on building and road.
    • M‑5 (Office/Retail/Industrial) zoning.
    • Build‑to‑suit options available.
    • Excellent I‑84 access via new Exit 11.
    • On‑site parking for 88 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Gym & Fitness Kitchen & Bath Food Market Accounting Firm HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newtown
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.265087
    Latitude
    41.408262

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Newtown location, vacant, build-to-suit option.
    Where is this lifestyle center located?
    The property is located at 32 Berkshire Rd Newtown, CT.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Drive-thru potential.; Approved signage opportunities on building and road.; M-5 (Office/Retail/Industrial) zoning.
    Request Owner's contact information
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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
    32 Berkshire Rd Newtown, CT 06482
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