550 Berlin Tpke Berlin Ct Berlin, CT 06037
- Apartment buildings
- 8.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 550 Berlin Tpke Berlin Ct
- Lot size
- 8.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional ±8-acre development site, located at 550 Berlin Turnpike in Berlin, Connecticut, presents a unique investment opportunity. The property is zoned for development and boasts pre-approved plans for the construction of a three-building apartment complex, totaling 106 residential units. Situated in the desirable Berlin Turnpike Development Zone, this prime location offers excellent visibility and accessibility. The expansive lot size provides ample space for the proposed buildings and potential future expansion. Detailed plans for the 106-unit complex are readily available, streamlining the development process and minimizing potential delays. This turnkey project offers a significant advantage for investors seeking a high-return multifamily development opportunity in a thriving Connecticut market. The property's strategic location along the Berlin Turnpike ensures convenient access to major transportation routes, local amenities, and a strong residential population. With all necessary approvals in place, this is a rare chance to capitalize on a fully permitted project, ready for immediate development. The existing zoning and approved plans significantly reduce the time and cost associated with obtaining permits and approvals, making this a highly attractive investment proposition. The 06037 zip code offers a strong rental market, promising high occupancy rates and consistent rental income. This is an exceptional opportunity to acquire a substantial multifamily development project in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7375
- Latitude
- 41.635
