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Property profile & analytics
FOR SALE
Showrooms

34 Shunpike Rd Cromwell, CT 06416

57,600 SF 14.71 ac lot Built 1988
Individually Owned 5-yr Hold Free & Clear
Property ID
US15-0792766
Property summary
AI-generated overview

Crossroads Plaza, located at 34 Shunpike Road in Cromwell, CT 06416, offers a diverse range of retail and restaurant spaces ideal for medical or general commercial use. This single-story, 57,319 square foot building sits on a 2.29-acre lot and underwent renovations in 2024. The property boasts ample parking with over 250 on-site spaces. Multiple suites are available, ranging from 1,230 to 6,120 contiguous square feet, with a minimum divisible space of 3,060 square feet. Currently, there are 9,150 square feet of vacant space. Specifically, there are three prominent units available: a 6,120 square foot end cap (divisible), a 1,230 square foot in-line space, and a 1,800 square foot in-line space. An additional 1,260 square foot in-line space is also available. The property features a total of 18 suites. The lease rate is $22.00 per square foot, with a common area maintenance and insurance (CAM) charge of $4.70 per square foot. Crossroads Plaza is conveniently located near Shunpike Road, offering excellent visibility and accessibility. This property presents a unique opportunity for businesses seeking a well-maintained, modern space in a thriving Connecticut community.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 57,600 SF
Lot 14.71 ac (640,768 SF)
Zoning code HB
APN CROM M:00108700
UPID US15-0792766
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
  • BSD Business Consulting Employment Agency
  • John Boyle Decorating Centers Hardware & Home Improvement Building Supply
  • Mia's Salon & Spa Hair Salon Nail Salon
  • Tiffany Nail & Spa Nail Salon
  • AAA Cromwell Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.62M
Blend (final) Blend
$4.27M
Owner & transaction history
Robert J Rieger · 5 yrs held
Robert J Rieger
since 2021
2 recorded transactions
2021
Price N/A
1994
Price N/A
Zoning & alternative use
HB · Cromwell, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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