Technical
Financial
Distress signals
Property profile

275 Highland Ave Cheshire, CT 06410

OFF-MARKET
Grocery and convenience stores
Property ID
US15-0325173
62,955 SF 2.76 ac lot Built 2002
Entity Owned 28-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located inside a high-traffic Stop & Shop grocery store, offering unparalleled visibility and access to thousands of weekly customers. The 475 square foot space boasts a prime, front-of-store location, ensuring maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying budgeting. Branding opportunities include both interior and exterior signage. This "Store-Within-A-Store" concept is situated in a thriving trade area with a desirable customer base. Ideal for businesses such as financial institutions, service businesses (e.g., pack & ship, repair services, dry cleaning), health and wellness providers (e.g., optical, chiropractors, weight management), insurance agencies, and real estate offices. Prohibited uses include food and beverage services, restaurants, and smoke shops. This location offers a unique chance to establish your business within a well-known and trusted grocery store environment in New Haven County, Connecticut. The space is currently vacant and ready for immediate occupancy. Multiple similar opportunities exist throughout Connecticut and New Jersey.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 62,955 SF
Lot 2.76 ac (120,226 SF)
Zoning code C-2
APN CHES M:57 B:251 L:
UPID US15-0325173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Pharmacy
  • Bank Credit Union
  • Atm Currency Exchange Service
  • Grocery & Convenience Store Food Market

Location

275 Highland Ave Cheshire, CT 06410-2522
Cheshire metro Census 343102 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.97M
Blend (final) Blend
$5.52M

Owner & transaction history

since 1998
1 recorded transaction
1998
$310,000

Zoning & alternative use

C-2 · Cheshire, CT
Zoning description

2. The tract of land is located within one of the following zoning districts: R -20A, R-40, C-1, C-2, C-3, I-1 or I-2. 3. The tract of land is presently served by public water and sewer service. 4. The site does not cont…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $7.1M +3.9%
Office building $7.0M +2.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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