Technical
Financial
Distress signals
Property profile

32 Berkshire Rd Sandy Hook, CT 06482

OFF-MARKET
Commercial land
Property ID
US15-0728066
1,440 SF 3.07 ac lot Built 1994
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 14,000-square-foot commercial building, situated on a 3.07-acre lot in Newtown, Connecticut, presents a remarkable investment opportunity. Currently vacant, this property is ideally suited for a variety of uses, including retail, restaurant, medical, or office space, thanks to its M-5 (Office/Retail/Industrial) zoning. The building boasts 88 parking spaces and offers excellent visibility with approximately 410 feet of road frontage on Route 34 (Berkshire Road). Its strategic location provides convenient access to I-84 via the new Exit 11 ramp and Route 25, benefiting from a daily traffic count of approximately 25,200 vehicles. The property is available for sale as is, with all necessary approvals in place, or the owners are open to build-to-suit options to meet specific tenant requirements. Approved plans allow for fantastic signage opportunities on both the building and the road, and a drive-thru is also a possibility. The asking price is $1,300,000, translating to $92.86 per square foot. This property is a rare find, offering a combination of size, location, and flexibility that is sure to attract significant interest. The property is located at 32 Berkshire Rd, Newtown, CT 06482.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1994
Construction STEEL FRAME
Total area 1,440 SF
Lot 3.07 ac (133,729 SF)
Zoning code M-5
APN NEWT M:44 B:4 L:2
UPID US15-0728066

Cap rate & NOI

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

Location

32 Berkshire Rd Sandy Hook, CT 06482-1335
Sandy Hook metro Census 230502 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2010
4 recorded transactions
2010
$150,000
1997
$200,000
1989
$95,000
1988
$100,000

Zoning & alternative use

M-5 · Sandy Hook, CT

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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