2495 Berlin TpkeNewington, CT 06111

Property Details for 2495 Berlin Tpke

Year built

1995

Construction

FRAME

Lot size

1.40 AC

Property size (Sq ft)

3,256 SF

Zone code

B-BT

Property type

Retail properties

Property subtype

Turn key restaurants

APN

NEWI M:17 B:161 L:0

APU

NEWIM17B161L0

Description

This exceptional 3,256-square-foot freestanding building presents a remarkable investment opportunity in Newington, Connecticut. Located at 2495 Berlin Turnpike, this property sits on a sizable 1.3-acre lot, offering ample space for development or expansion. Previously occupied by a Boston Market restaurant, the building is currently vacant and ready for immediate occupancy. Built in 1995, the single-story structure is zoned B-BT, allowing for a variety of uses. The asking price is $2,400,000, or the property can be leased for $130,000 annually in its current condition. This prime location boasts exceptional visibility and high traffic volume, with a daily traffic count of 37,100 vehicles. Situated within a thriving retail corridor, this property offers endless possibilities for a variety of QSR or fast-food concepts. The property's size and location make it an ideal candidate for redevelopment or repositioning to meet the demands of today's market. Don't miss this chance to acquire a highly desirable commercial property in a bustling Connecticut town. The property is located in Hartford County, Connecticut, with a zip code of 06111.

• CAP approach

  CAP return

  Valuation

  6%

  $791,322

  6.5%

  $730,451

  7%

  $678,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,072,081

  Geo Method

  $1,072,081

• Alternative Use

  Use

  Valuation

  Residential

  $616,163

  Hospitality

  $564,402

  Educational

  $469,576

  Medical

  $485,725

  Retail

  $730,451

Location Insight

City

Newington

County

Hartford

State

Connecticut

Latitude

41.684

Longitude

-72.7105

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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