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Property profile & analytics
OFF-MARKET
Commercial real estate

271 Main St Newtown, CT 06470

2.06 ac lot
Property ID
US15-0307752
Property summary
AI-generated overview

This exceptional investment opportunity presents 2.06 acres of prime commercial land in Newtown, Connecticut, strategically located on South Main Street (Route 25), a high-traffic area boasting approximately 16,000 cars daily. The property comprises two adjacent lots: 271 S Main St (1.18 acres, previously a restaurant) and 263 S Main St (0.88 acres, with a 665 sq ft existing structure). Both parcels are zoned M-1, allowing for a variety of uses including retail, office, light industrial, warehouse, printing/publishing, and veterinary hospital. Special exceptions, subject to commission approval, include hotels/motels, shopping centers, private schools, and brewpubs/distilleries. Further development potential exists for uses such as gas stations, convenience stores, and car washes, contingent upon town approval and zoning modifications. Existing infrastructure includes well and septic systems. The property is conveniently located near shopping centers, restaurants, and major highways, making it an ideal location for a diverse range of commercial ventures. Offered at $1,499,000, this property is sold as-is. Parcel IDs are 361310 and 36139. The address is 271 & 263 S Main St, Newtown, CT 06470. This is a rare opportunity to acquire a significant commercial land holding in a thriving Connecticut town.

Property profile
Verified
Property type Commercial real estate
Lot 2.06 ac (89,734 SF)
UPID US15-0307752
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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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