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Property profile & analytics
FOR SALE
Turn key restaurants

2495 Berlin Tpke Newington, CT 06111

3,256 SF 1.4 ac lot Built 1995
Entity Owned 11-yr Hold Free & Clear
Property ID
US15-0761320
Property summary
AI-generated overview

This exceptional 3,256-square-foot freestanding building presents a remarkable investment opportunity in Newington, Connecticut. Located at 2495 Berlin Turnpike, this property sits on a sizable 1.3-acre lot, offering ample space for development or expansion. Previously occupied by a Boston Market restaurant, the building is currently vacant and ready for immediate occupancy. Built in 1995, the single-story structure is zoned B-BT, allowing for a variety of uses. The asking price is $2,400,000, or the property can be leased for $130,000 annually in its current condition. This prime location boasts exceptional visibility and high traffic volume, with a daily traffic count of 37,100 vehicles. Situated within a thriving retail corridor, this property offers endless possibilities for a variety of QSR or fast-food concepts. The property's size and location make it an ideal candidate for redevelopment or repositioning to meet the demands of today's market. Don't miss this chance to acquire a highly desirable commercial property in a bustling Connecticut town. The property is located in Hartford County, Connecticut, with a zip code of 06111.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction FRAME
Total area 3,256 SF
Lot 1.4 ac (60,984 SF)
Zoning code B-BT
APN NEWI M:17 B:161 L:0
UPID US15-0761320
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$774k
Blend (final) Blend
$605k
Owner & transaction history
Berlin Turnpike 2495 LLC · 11 yrs held
Berlin Turnpike 2495 LLC
since 2014
2 recorded transactions
2014
Price N/A
1991
Price N/A
Zoning & alternative use
B-BT · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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