1600 Straits Tpke Middlebury, CT 06762

Property Details for 1600 Straits Tpke

Year built

1950

Lot size

1.22 lot acres

Property size

2,686 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located at 1600 Straits Turnpike in Middlebury, Connecticut (zip code 06762), presents a unique investment opportunity. The 2,686 square foot building, constructed in 1950, sits on a generous 1.22-acre lot and is zoned for commercial use. Currently, the structure is a single-family home, offering significant potential for redevelopment. The property boasts a prime location within a strong medical area, benefiting from high visibility and substantial traffic volume, averaging 14,500 vehicles per day. The asking price is $789,000, translating to a price per square foot of $293.75. This one-story building offers a blank canvas for a variety of commercial ventures, from retail spaces to medical offices, taking advantage of the high traffic count and desirable location. The substantial lot size allows for ample expansion or redevelopment possibilities. This is an ideal opportunity for an investor or developer seeking a high-traffic location in a thriving Connecticut community. The property's existing structure could be renovated or demolished to create a new building tailored to specific business needs. Don't miss this chance to acquire a strategically located commercial property with significant upside potential.