129 Ml St Berlin, CT 06037-2348

Property Details for 129 Ml St

Year built

1960

Construction

FRAME

Lot size

0.98 lot acres

Property size

8,594 SF

Zone code

CCD-2

Property type

Office buildings

APN

BERL M:10-3 B:83BB L:1

APU

BERLM103B83BBL1

Description

This exceptional commercial ground lease opportunity presents a rare chance to acquire a strategically located 0.98-acre parcel in the heart of Berlin, Connecticut. Situated at 129 Mill Street, this property boasts a prime corner location at the intersection of Mill Street and Webster Square, benefiting from a traffic light and an impressive Annual Daily Traffic count of 21,300 vehicles. The existing building, constructed and renovated in 2023, offers a substantial 39,204 square feet of space, currently configured for restaurant and retail use under a single tenancy. The property is classified as Class A and zoned CCD-2 within Hartford County. This location offers unparalleled accessibility, with easy access to Route 9/Berlin Turnpike, ensuring high visibility and convenient access for customers and employees. The strong demographics of the area, coupled with a high barrier to entry, make this a truly exceptional investment opportunity. The annual ground lease income is $100,000. This property represents a significant opportunity for long-term growth and profitability in a thriving commercial market. The single-tenant occupancy simplifies management and minimizes vacancy risk. Don't miss this chance to secure a premier commercial property in a high-demand location.

Location Insight

City

Berlin

County

Hartford

State

Connecticut

Longitude

-72.7483

Latitude

41.6263

CBSA code

25540

CBSA name

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

Property Tax & Assessments