2640 Berlin Tpke Newington, CT 06111
Property profile & analytics
2640 Berlin Tpke Newington, CT 06111
- Grocery and convenience stores
- 18,874 SF
- 6.22 lot acres
Property ID
US15-0882751
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- ALDI / Specialty Food Shop / Supermarket
Property Details for 2640 Berlin Tpke
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.22 lot acres
- Property size
- 18,874 SF
- Zone code
- PD
- Property type
- Grocery and convenience stores
- APN
- NEWI M:23 B:177 L:0
- APU
- NEWIM23B177L0
Description
This exceptional 3.22-acre retail land site presents a remarkable investment opportunity in Newington, Connecticut. Located at 2640 Berlin Turnpike, this level lot enjoys unparalleled visibility and accessibility along one of Connecticut's busiest retail corridors. The property's strategic position directly adjoins a thriving Aldi grocery store, further enhancing its desirability. Surrounded by a concentration of national retailers including Walmart, Target, Stop & Shop, Lowe's, and Whole Foods, this site benefits from significant consumer traffic and established brand recognition. The high-traffic location boasts excellent access via Berlin Turnpike (28,800 cars per day) and Kitts Lane (8,100 cars per day), ensuring maximum exposure for any development. This property is ideal for owner-users seeking to establish a new business or investors looking to capitalize on the strong retail market in this prime location. The level lot is ready for immediate development, minimizing pre-construction hurdles and accelerating the return on investment. This is a rare opportunity to acquire a premier retail land site in a highly sought-after area of Connecticut. Don't miss this chance to secure a piece of Newington's thriving retail landscape.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,555,000
- 6.5%
- $3,280,000
- 7%
- $3,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,749,000
- AI Estimate
- $1,661,000
Market price range: $952k - $2.75MMarket price range: $633k - $1.80M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,905,000 Current use
- RESTAURANT
- $3,225,000 Change: +69% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,690,000 Change: -11% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,650,000 Change: -13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,650,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newington
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7108
- Latitude
- 41.6791
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,274
$812,700
$1,540,630
$2,353,330
-
$0.00
$0.00
$0.00
