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Property profile & analytics
FOR LEASE
Industrial properties

723 Farmington Ave New Britain, CT 06053

25.69 ac lot
Individually Owned 6-yr Hold Free & Clear
Property ID
US15-0317891
Property summary
AI-generated overview

This exceptional 4-acre commercial lot presents a remarkable investment opportunity in New Britain, Connecticut. Ideally situated adjacent to a school and a newly constructed gas station, this property enjoys exceptional visibility with a daily traffic count exceeding 9,300 vehicles. The lot features 200 feet of frontage, providing ample space for development. Zoned for commercial use, this single-tenant property offers the potential for a long-term lease, possibly extending up to 100 years. Its strategic location near the Farmington town line and convenient access to Highway 84 ensures unparalleled connectivity. The high traffic volume, coupled with the proximity to a school and established retail, makes this site exceptionally attractive for a variety of developments. Consideration could include, but is not limited to, apartment buildings, senior housing, or a mixed-use project. This location is poised to generate strong rental income due to the high demand in the area. Don't miss this chance to acquire a prime commercial parcel in a thriving location. The total number of parking spaces is to be determined. Hartford County zoning applies.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 25.69 ac (1,119,057 SF)
Zoning code T
APN NBRI M:C3A B:1
UPID US15-0317891
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Academic Falcons & Athletic · 6 yrs held
Academic Falcons & Athletic
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
T · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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