404 Berlin Tpke, Berlin, CT 06037
Exceptional development opportunity in Berlin, CT, featuring two available lots totaling 445+/- feet of frontage on Berlin Turnpike. One lot has approval for a 7,400 sq ft retail building, priced at $750,000, while the other boasts approval for a 100-room hotel, listed at $1,250,000. Both parcels are delivered 12" below finished grade. This prime location is part of a mixed-use community currently under construction, including 200 apartments and a convenience store with a coffee shop. A land lease is also available. The project's phased approach includes a 10-pump gas station, a 3,320 sq ft convenience store with a 1,000 sq ft drive-through, a 200-unit apartment complex (160 market rate, 40 affordable units) with clubhouse and pool, a 4,780 sq ft retail building, a 2,500 sq ft bank, and a 100+ room hotel. The entire project will offer 478 parking spaces. The BTD zoning permits this diverse development. This is a unique chance to acquire land in a thriving mixed-use community with significant development potential. Ownership is held by BT-2008, LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.