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Property profile & analytics
FOR LEASE
Retail properties & Spaces

1943 Berlin Tpke Berlin, CT 06037

17,500 SF 4.67 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-0073351
Property summary
AI-generated overview

This 17,000 square foot retail property in Berlin, CT, offers flexible space ideal for multiple tenants. Currently, 7,000 square feet is available, divisible into units ranging from 1,300 to 7,000 contiguous square feet. The building is located on Berlin Turnpike in Hartford County (zip code 06037), a high-traffic area with 26,400 vehicles passing daily, boasting excellent visibility and accessibility to Routes 9, 15, and I-91. This prime location benefits from strong demographics and proximity to major transportation arteries, placing it within 15 minutes of both Hartford and New Haven. Existing tenants include a thriving wine and spirits store and a nail salon, indicating a successful and established commercial environment. The property's central Connecticut location also offers easy access to corporate, technology, and industrial parks, making it an attractive option for a variety of businesses. This presents a unique opportunity to establish or expand a retail presence in a vibrant and well-connected marketplace.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2007
Construction FRAME
Total area 17,500 SF
Lot 4.67 ac (203,425 SF)
Zoning code BT-1
APN BERL M:21-4 B:153 L:9 U:997
UPID US15-0073351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Halal Munchies - Berlin, CT Restaurant
  • Heritage Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Elle Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$1.85M
Owner & transaction history
1943 Berlin Turnpike LLC · 3 yrs held
1943 Berlin Turnpike LLC
since 2022
Last sale
$1.9M
2 recorded transactions
2022
$1.9M
2008
$35,000
Zoning & alternative use
BT-1 · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.0M +48.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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