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Property profile & analytics
OFF-MARKET
Commercial land

32 Berkshire Rd Sandy Hook, CT 06482-1335

1,440 SF 3.07 ac lot Built 1994
Entity Owned 16-yr Hold Free & Clear
Property ID
US15-0728066
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
J F Walsh INC · 16 yrs held
J F Walsh INC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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