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103 Louis St Newington, CT 06111

OFF-MARKET Land Google Maps
2.68 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US15-1061535

Property summary

AI-generated overview

This exceptional 2.68-acre commercial/industrial lot is ideally situated in Newington, Connecticut, at 103 Louis Street, zip code 06111, offering unparalleled accessibility and development potential. The property boasts a desirable corner location, providing multiple entry and exit points, perfect for maximizing visibility and operational efficiency. Its location directly off the Berlin Turnpike ensures high traffic volume and excellent exposure. The site benefits from its proximity to major highways, I-91 and I-84, providing convenient access to regional transportation networks. This previously approved lot is zoned PD (Planned Development), allowing for a diverse range of uses including hotel, light industrial, retail, trades, banks, and professional office spaces. The land is flat and open, simplifying site preparation and construction. Importantly, an environmental assessment has already been completed, revealing no issues (available upon request). This first-generation land presents a unique opportunity for developers seeking a build-ready site with minimal pre-development hurdles. The property's zoning allows for a variety of uses, making it an attractive investment for a wide range of commercial and industrial projects. This is a rare opportunity to acquire a prime piece of land in a thriving Connecticut location.

Property profile

Verified
Property type Land
Lot 2.68 ac (116,741 SF)
UPID US15-1061535

Cap rate & NOI

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

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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