2640 Berlin Tpke, Newington, CT 06111
- Grocery and convenience stores
- 18,874 SF
- 6.22 lot acres
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
- Zone code
- PD
- Property type
- Grocery and convenience stores
- APN
- NEWI M:23 B:177 L:0
- APU
- NEWIM23B177L0
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 13, 2007 | $2,062,500 | Aldi INC | Carey,joseph D | Warranty Deed | — |
| Jun 7, 2007 | $1 | Joseph D Carey | Jdc Bec LLC | Warranty Deed · related | — |
| Dec 4, 2006 | — | J D Carey LLC | — | Deed Of Trust · related | $400k · Marianne Spector Tr |
| Dec 4, 2006 | $1 | Jdc Bec LLC | Carey,joseph D | Warranty Deed · related | — |
| Sep 15, 2003 | — | Joseph D Carey | — | Deed Of Trust · related | $300k · Marianne Spector Tr |
| Dec 29, 1998 | — | Joseph D Carey | — | Deed Of Trust · related | $660k · Peoples Bank |
| Sep 23, 1996 | — | Joseph D Carey | — | Deed Of Trust · related | $970k · First National Bank New Englnd |
| Jul 17, 1995 | $700,000 | Joseph Carey | Shapiro,edward Alna | Warranty Deed | — |
| Jul 17, 1995 | — | Joseph D Carey | — | Deed Of Trust · related | $150k · First Natl Bk New Eng |
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
-
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
