Property profile

454 Providence Rd Brooklyn, CT 06234

FOR SALE
Commercial land
Property ID
US15-0407335
2.32 ac lot
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This 2.32-acre commercial land parcel in Brooklyn, Connecticut, presents a unique investment opportunity. Located at a four-way traffic light directly adjacent to a Walmart Supercenter, this property boasts exceptional visibility and accessibility. An existing easement allows convenient access from the Walmart driveway. The site is zoned PC (Planned Commercial) and benefits from public water, sewer, and gas services readily available in the street. With 250 feet of frontage, the lot offers ample space for development. The property's strategic location within the Route 6 retail corridor places it near a high concentration of national tenants, including Dunkin' Donuts, McDonald's, KFC, Subway, CVS, and Enterprise Rent-A-Car. Less than 2.5 miles from I-395 (exits 37/37B), this location ensures high traffic counts, estimated at 13,100 vehicles. The land is relatively level, lightly wooded, and dry. Annual property taxes are $5,617. This property is ideal for developers seeking a high-traffic, high-visibility location for a variety of commercial uses. The combination of its prime location, convenient access, and existing infrastructure makes this a compelling investment opportunity. The asking price is $497,500. The address is 454 Providence Rd, Brooklyn, CT 06234.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.32 ac (101,059 SF)
Zoning code PC
APN BROO M:41 L:10B
UPID US15-0407335

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

454 Providence Rd Brooklyn, CT 06234
Brooklyn metro Census 905101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A

Zoning & alternative use

PC · Brooklyn, CT
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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