423 Providence Rd Brooklyn, CT 06234
For Sale
1 / 3
This exceptional 1.14-acre commercial land parcel, located at 423 Providence Rd in Brooklyn, Connecticut (zip code 06234), presents a unique investment opportunity. Priced at $349,500, this property boasts a prime location directly across from a Walmart Supercenter, ensuring high visibility and significant foot traffic—a daily count of 14,900 vehicles. The site benefits from readily available city water, sewer, and gas utilities. The property is zoned PC, allowing for diverse development options. Conceptual plans already exist for various uses, including retail spaces, self-storage or contractor bays, and even apartment or senior living facilities. This versatility makes it ideal for a range of commercial ventures. Furthermore, an additional 10.48 acres are available for purchase in the rear for $799,500, providing potential for expansion or future development. The lot size can be increased to up to 2 acres at an additional cost. This property's strategic location, utility access, and flexible zoning make it an attractive investment with significant potential for growth and return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PC · Brooklyn, CTBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.