$2,565,000 18,874 SF

2640 Berlin Tpke, Newington, CT 06111
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The property is a level commercial land site configured to support retail-oriented development, with a layout described as straightforward for retail planning. It is located adjacent to an Aldi grocery store and positioned along a Connecticut retail corridor with nearby national retailers including Walmart, Target, Stop & Shop, Lowe’s, and Whole Foods. Primary access is indicated via Berlin Turnpike and Kitts Lane, and the site is presented as ready for development for either owner-user or investor use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$90k

Tax billed · 2023

Assessed value$2.35M

Assessed land$813k

Assessed improvement$1.54M

Effective rate3.84%

Value estimate

· Nov 2026

$2.57M

$2.31M – $2.82M

CAP approach$3.28M

Submarket $/SF estimate$2.75M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$101/SF

Submarket average, outlier-cleaned · 48 recorded sales of this use type

Observed band · Q1–Q3$50 – $146

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adja...

General categoryPLANNED_DEVELOPMENT

JurisdictionNEWINGTON

Location intelligence

Which uses thrive at this corner?

Best fit: Restaurant

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Restaurant34.1

Realty agency33.2

Building Supply32.2

2640 Berlin Tpke Newington, CT 06111

County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

28 Garfield, Newington, CT 06111-2833 $1,800,000 Sep 2024 12,820 SF

67 Pane, Newington, CT 06111-5522 $550,000 May 2023 18,680 SF

75 Kitts, Newington, CT 06111-3935 $220,000 Jul 2022 37,040 SF

3219-3221 Berlin, Newington, CT 06111 $1,500,000 Jan 2021 9,449 SF

2172 Berlin, Newington, CT 06111-3210 $507,917 Feb 2019 10,768 SF

3311 Berlin, Newington, CT 06111-5148 $1,100,000 Nov 2018 12,339 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$715,000

19,037 SF

140 Market Sq, Unit 238

RETAIL STORES (PERSONAL SERVICES)

140 Market Sq, Newington, CT 06111-2913

View Details
Value Estimation
$1,645,000

16,898 SF

2686 Berlin Tpke

RETAIL STORES (PERSONAL SERVICES)

2686 Berlin Tpke, Newington, CT 06111-4111

View Details
Value Estimation
$1,600,000

15,788 SF

3203 Berlin Tpke

RETAIL STORES (PERSONAL SERVICES)

3203 Berlin Tpke, Newington, CT 06111-5101

View Details
Value Estimation
$1,985,000

14,362 SF

2920 Berlin Tpke

RETAIL STORES (PERSONAL SERVICES)

2920 Berlin Tpke, Newington, CT 06111-4116

View Details
Value Estimation
$505,000

13,548 SF

57 Stanwell Rd

SHOW ROOM, WAREHOUSE

57 Stanwell Rd, Newington, CT 06111-4531

View Details
Value Estimation
$640,000

27,712 SF

58 Commerce Ct

GYM, HEALTH SPA

58 Commerce Ct, Newington, CT 06111-2246

View Details

Similar Nearby for Sale

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16,852 SF

Renovated Retail Center

Renovated retail center on a roughly 1.75-acre site with parking and a single curb cut along Berlin Tpke.

2543-2547 Berlin Tpke, Newington, CT 06111

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New

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28,900 SF

Freestanding Retail Storefront

Standalone retail building positioned within an established Connecticut retail corridor.

79 COSTELLO RD, Newington, CT 06111

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Similar in This City for Lease

New

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Retail Space in Newington Center

Retail space available for immediate occupancy in Newington, Connecticut.

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5,001 sqft

Retail Center with High Traffic

Retail spaces available in high-traffic Newington shopping center.

162 Kitts Ln, Newington, CT

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Retail Space on Berlin Turnpike

Retail space available for lease on Berlin Turnpike.

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Retail/Office Space For Lease

Retail or office space with high visibility and ample parking.

2199 Berlin Turnpike, Newington, CT 06111

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2640 Berlin Tpke Newington, CT 06111

Property summary