14 Progress Dr Cromwell, CT 06416
For Sale
This exceptional 8.54-acre industrial land parcel in Cromwell, Connecticut, presents a significant development opportunity. Ideally situated at 14 Progress Drive, 06416, this property boasts convenient access to Interstate 91 via Exit 21, located approximately half a mile away. The site is zoned for industrial use and features all utilities readily available at the street. This allows for the construction of up to approximately 30,000 square feet of new building space. Permitted uses include offices, warehousing, motor vehicle service and repair, contractor yards, and general outside material storage (subject to special permit). The property's central Connecticut location offers easy access to major transportation routes and is only 28 minutes from Bradley International Airport. Adding to its appeal, additional abutting industrial land is also available for potential expansion or consolidation. This prime location and versatile zoning make this an attractive investment for a variety of industrial and commercial ventures. The asking price for this exceptional opportunity is $495,000. Middlesex County location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
IND · Cromwell, CTCromwell. Always verify with local authorities before improvements.
Costs & 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.