Property profile

1516-1552 West St Southington, CT 06489

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 4-acre property, located at 1516-1552 West Street in Southington, Connecticut (06489), presents a remarkable opportunity for commercial development. Comprising three contiguous parcels, this land offers significant potential for a variety of uses, subject to town approvals. Envision a substantial plaza, a freestanding restaurant or building, or even a condo/apartment complex, all taking advantage of the land's ideal slope. The slope allows for convenient rear loading docks for commercial buildings, while a potential condo development could feature walk-out basements. The property boasts a highly desirable location on a busy Southington thoroughfare, Route 229, offering spectacular views of Southington Mountain. Its proximity to major transportation arteries is another key advantage: less than a mile from Interstate 84, two miles from Route 72, and four miles from Route 6. The property also benefits from existing sewer connections, with all associated fees already paid. Note that a house currently sits on the property. This site neighbors a recently renovated commercial building and is across the street from Cava and the New England Baptist College, ensuring high visibility and accessibility. The asking price for this exceptional development opportunity is $2,600,000.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

1516-1552 West St Southington, CT 06489
Southington 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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