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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

470 Straitsl Trunpike Watertown, CT 06795

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre parcel located at 470 Straits Turnpike in Watertown, Connecticut, presents a unique investment opportunity. Currently zoned Residential/B-SC, the property is ideally suited for redevelopment into a retail establishment. The existing structure, formerly operating as Garden Brook Rest Home, will require demolition to accommodate new construction. The property's substantial size offers ample space for a large-scale retail project, providing significant potential for future growth and profitability. Situated in Litchfield County, the location benefits from excellent visibility and accessibility along the Straits Turnpike, ensuring high traffic volume and exposure to a substantial customer base. The 06795 zip code offers a strong demographic profile, making this a highly desirable location for retail development. This property is being offered at an asking price of $2,750,000. The buyer will be responsible for obtaining any necessary zoning changes to facilitate the desired retail development. This is a rare chance to acquire a significant piece of land in a thriving Connecticut town, poised for substantial retail expansion. Serious inquiries only.

Property profile
Verified
Property type Retail properties & Spaces
Lot 5 ac (217,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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