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Property profile

1395 West St Middlebury, CT 06762

OFF-MARKET
Retail properties & Spaces
6,500 SF 1.16 ac lot
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Property summary

AI-generated overview

This exceptional 1.16-acre commercial property in Middlebury, Connecticut, presents a unique investment opportunity. Located at 1395 West Street, this site boasts a permitted Commercial (Com) zoning designation and offers significant development potential. The existing land area totals 6,500 square feet, with an asking price of $495,000, translating to $76.15 per square foot. The property's location in the vibrant town of Middlebury, within New Haven County, provides excellent access to major transportation routes and a strong local market. Site approval has already been granted for the construction of a 13,000 square foot, two-level building, significantly reducing development hurdles and accelerating the potential for return on investment. Municipal water and ample electrical service (phase unspecified) are readily available, simplifying infrastructure needs. This property is ideal for developers seeking a strategically located site with pre-approved plans, ready for immediate development or redevelopment. The address is 1395 West Street, Middlebury, CT 06762. This is a rare opportunity to acquire a well-situated commercial parcel in a thriving Connecticut community. Don't miss this chance to capitalize on the potential of this prime commercial land.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,500 SF
Lot 1.16 ac (50,530 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1395 West St Middlebury, CT 06762
Middlebury metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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