271 Main St Newtown, CT 06470
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.