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    OFF-MARKET
    Land

    1516-1552 West St, Southington, CT 06489

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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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