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Property profile & analytics
FOR SALE
Commercial land

423 Providence Rd Brooklyn, CT 06234

1.14 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US15-0986753
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.14 ac (49,658 SF)
Zoning code PC
APN BROO M:41 L:119B
UPID US15-0986753
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
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Fsi Motorsports LLC · 1 yrs held
Fsi Motorsports LLC
since 2024
Last sale
$600,000
3 recorded transactions
2024
$600,000
2017
Price N/A
2010
Price N/A
Zoning & alternative use
PC · Brooklyn, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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