Listing Agency: William Raveis Real Estate k***@raveis.com Show Phone

Listed By: Harry Finer · License #RES.0773489 Show Phone

Source: Exprealty

Added: Oct 19 Changed: Oct 29 Last Checked: Nov 1 at 10:56AM

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Investment Insights

Based on property information with market context.

This remodeled retail space on Farmington Avenue offers an interior ready for a tenant’s buildout. The property may accommodate a range of business formats, including retail, office, personal services, and specialty shops.

At B-873 Farmington Avenue in Berlin, the site records daily traffic of 15,000 vehicles and is a few buildings from Berlin Train Station.

Key Highlights

• Remodeled retail space ready for tenant buildout
• Daily traffic flow of 15,000 vehicles on Farmington Avenue
• A few buildings from Berlin Train Station

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

203

Businesses Nearby

Explore this area Business Placement

Demographics for 06037, CT

18,855

Population

7,894

Households

2.4

Avg Household Size

48

Median Age

44%

College-Educated

93%

High-School Grad

25.5 sq mi

ZIP Area

739

Density / Sq Mi

$110,443

Median Household Income

$60,018

Median Earnings

$1,429

Median Rent

$345,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The updated interior is ready for tenant buildout, with potential for retail, service, or office operations.

Where is this retail space located?

The property is located at B-873 Farmington Avenue Berlin, CT.

What is the lease rate?

The lease rate is $2,500/Mo.

What are key features of this property?

This property features: Remodeled retail space ready for tenant buildout; Daily traffic flow of 15,000 vehicles on Farmington Avenue; A few buildings from Berlin Train Station