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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    2985 Berlin Tpke, Newington, CT 06111

    16.29 ac lot
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US15-0828701
    Property summary
    AI-generated overview

    Turnpike Plaza offers two available retail units for lease, totaling 4,273 square feet, in a thriving Newington, CT shopping center. Unit 07A boasts 2,731 square feet with 9'3" ceilings, while Unit 07B offers 1,542 square feet and 9'2" ceilings. Both are suitable for retail, restaurant, or medical uses, and rent is available upon request. This Class A property is situated on the high-traffic Berlin Turnpike (Route 5/15), experiencing over 34,000 vehicles daily, ensuring excellent visibility and accessibility. The center encompasses 150,000 square feet and benefits from a strong demographic base, with over 198,000 people residing within a 5-mile radius. The property features ample parking (300+ spaces) and is anchored by established businesses such as Price Chopper, Chili's Bar & Grill, and others, creating a synergistic retail environment. Nearby national retailers include Walmart, Big Lots, TGI Friday's, and more, further enhancing the location's appeal. This opportunity presents a unique chance to establish or expand your business in a high-demand retail corridor. Contact us today to learn more about leasing options and pricing.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 16.29 ac (709,592 SF)
    Zoning code PD
    APN NEWI M:27 B:149 L:0
    UPID US15-0828701
    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
    Current use
    Occupant on record · Public records
    • Price Chopper Specialty Food Shop Supermarket
    • DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
    • Price Chopper Pharmacy Pharmacy
    • Vineyard Vines Pop Up Store Clothing Store
    • Coinstar Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Galileo Turnpike Plz LLC · 21 yrs held
    Galileo Turnpike Plz LLC
    since 2005
    7 recorded transactions
    2005
    2005
    $305,000
    2004
    1996
    1994
    1988
    1987
    Zoning & alternative use
    PD · Newington, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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