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Property profile & analytics
FOR LEASE
Super regional malls

228 South Main St Newtown, CT 06470

167,124 SF 37.33 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0592735
Property summary
AI-generated overview

Sand Hill Plaza, located at 228 South Main St in Newtown, Connecticut (zip code 06470), presents a compelling retail investment opportunity. This established shopping center boasts a total of 163,545 square feet of retail space, offering exceptional flexibility for prospective tenants. Currently, there are 44,785 square feet of vacant space available, divisible into units ranging from a minimum of 1,710 square feet to a maximum contiguous space of 10,000 square feet. The property's multiple tenancy structure provides a diverse tenant mix, creating a vibrant and attractive shopping destination. Situated in Fairfield County, this location benefits from strong demographics and high visibility along South Main Street. The property is ideal for a variety of retail uses, offering significant potential for growth and return on investment. With its convenient location and ample space options, Sand Hill Plaza represents a rare opportunity to secure a prime retail presence in the thriving Newtown market. Interested parties are encouraged to inquire for further details and availability. The property's latitude and longitude coordinates are 41.3722707 and -73.2737797 respectively.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 167,124 SF
Lot 37.33 ac (1,626,095 SF)
Zoning code M-1
APN NEWT M:36 B:14 L:5-6
UPID US15-0592735
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
  • T.J. Maxx Clothing & Fashion Store
  • Crystal Nails and Spa Nail Salon
  • MyEyeDr. Eye Care Center Contact Lenses Supplier
  • Pure Medical Spa Spa & Massage Center Alternative Medicine Practice
  • Fairgrounds Wine and Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.56M
Owner & transaction history
Sand Hill Plaza Sc LLC · 4 yrs held
Sand Hill Plaza Sc LLC
since 2022
5 recorded transactions
2022
Price N/A
2001
$20.7M
1995
$20.0M
1990
Price N/A
1969
Price N/A
Zoning & alternative use
M-1 · Newtown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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