129 Ml St Berlin, CT 06037-2348
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.
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Johnson Legal Group Law Firm
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Northeast Laboratories Inc Laboratory
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCD-2 · Berlin, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.