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Property profile

0 Rte 188 & Benson Rd Middlebury, CT 06762

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre property, located at the intersection of Route 188 and Benson Road in Middlebury, Connecticut (zip code 06762), presents a unique investment opportunity. Zoned LI 200, this land offers significant potential for development. The expansive lot allows for the construction of an 8,400 square foot, single-level building, ideal for a variety of commercial uses. The existing zoning may allow for retail expansion, providing further flexibility for potential buyers or developers. The property boasts ample parking with a capacity of 50 spaces, ensuring convenient access for customers and employees. Situated in New Haven County, this location offers excellent visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the Middlebury market. The property's dual agricultural and commercial zoning provides versatility for various development plans. Whether you're looking to build to suit or purchase the land for future development, this property offers a compelling combination of size, location, and zoning potential. Serious inquiries are encouraged to explore the possibilities of this prime Middlebury real estate offering. The latitude and longitude coordinates are 41.5027225 and -73.1521571 respectively.

Property profile

Verified
Property type Land
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

Location

Rte 188 & Benson Rd 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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