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Property profile & analytics
FOR SALE
Investment properties

659 Middlebury Rd Middlebury, CT 06762

960 SF 2.64 ac lot Built 1948
Individually Owned 20-yr Hold Free & Clear
Property ID
US15-1235604
659 Middlebury Rd, Middlebury, CT 06762 For Sale
$449,900 960 SF
659 Middlebury Rd, Middlebury, CT 06762
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Property summary
AI-generated overview

This exceptional 2.64-acre commercial land parcel, located at 659 Middlebury Road in Middlebury, Connecticut (zip code 06762), presents a unique investment opportunity. Situated in the heart of Middlebury's retail zone, this property boasts a highly desirable location with excellent visibility and accessibility. The site is zoned P.O. 40 Commercial and has previously received approval for the construction of a 7,500+ square foot office building. This significantly reduces the time and cost associated with obtaining necessary permits. The property benefits from readily available city water and sewer services, simplifying development plans. Route 64 provides convenient access, with a daily traffic count exceeding 10,000 vehicles, ensuring high visibility for any future development. The property is offered for sale at $449,900. A ground lease option is also available at $50,000 annually plus taxes. Its proximity to I-84 provides easy access to regional transportation networks, further enhancing its appeal to potential developers and investors. This is an ideal opportunity to capitalize on the strong commercial market in Middlebury, Connecticut. Don't miss this chance to acquire a prime development site in a thriving location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1948
Total area 960 SF
Lot 2.64 ac (114,998 SF)
Zoning code PO40
APN MIDD M:5-08 L:045
UPID US15-1235604
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
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Comparable Approach Comparable
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Owner & transaction history
659 Middlebury Road · 20 yrs held
659 Middlebury Road
since 2005
3 recorded transactions
2006
Price N/A
2005
$350,000
1995
Price N/A
Zoning & alternative use
PO40 · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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