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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Planned Commercial (PC) Zone is intended to provide for those commercial uses which will accommodate the broad range of retail shopping, service and office space that will economically enhance the community while mai…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PC · Brooklyn, CTThe Planned Commercial (PC) Zone is intended to provide for those commercial uses which will accommodate the broad range of retail shopping, service and office space that will economically enhance the community while mai…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Planned Commercial (PC) Zone is intended to provide for those commercial uses which will accommodate the broad range of retail shopping, service and office space that will economically enhance the community while mai…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PC in Brooklyn, CT.
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