Property profile

2431 Berlin Tpke 2461 Newington, CT 06111

OFF-MARKET
Retail space
Property ID
US15-0522550
15,744 SF 1.36 ac lot Built 1973
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,700 square foot retail strip center is strategically located at 2431 Berlin Turnpike in Newington, Connecticut, within Hartford County (zip code 06111). The property currently features multiple tenants and offers an immediate opportunity for a new business to establish a presence. A sizable 1,500 square feet of vacant space is available, presenting a perfect chance for expansion or a new venture. The building's total area encompasses 15,700 square feet, indicating a substantial footprint suitable for a variety of retail uses. The property's address is easily accessible from a major thoroughfare, ensuring high visibility and convenient access for customers. The available space measures 1,500 square feet, providing ample room for a diverse range of retail operations. This location in Newington, Connecticut offers a strong demographic profile and significant foot traffic, making it an attractive investment opportunity for businesses seeking a vibrant and accessible retail space. The property's classification as a strip center suggests a convenient layout and ample parking for customers. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a prime retail space in a thriving Connecticut market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,744 SF
Lot 1.36 ac (59,242 SF)
Zoning code B-BT
APN NEWI M:17 B:183 L:0
UPID US15-0522550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

2431 Berlin Tpke, Unit 2461 Newington, CT 06111-4106
Newington metro Census 494100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.42M

Owner & transaction history

since 2012
2 recorded transactions
2013
Price N/A
2012
$1.4M

Zoning & alternative use

B-BT · Newington, CT
Zoning description

Section 3.15 Special Permits Allowed in B-BT Business Berlin Turnpike Zone The following uses are declared to possess such special characteristics that each must be considered a special permit. They may be permitted by t…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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