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Property profile & analytics
OFF-MARKET
Showrooms

876 Newfield St Middletown, CT 06457-1857

3,221 SF 0.33 ac lot Built 1900
Entity Owned 12-yr Hold Free & Clear
Property ID
US15-0987646
Property summary
AI-generated overview

This exceptional 1.2-acre commercial land parcel presents a compelling redevelopment opportunity in Middletown, Connecticut. Located at the highly visible intersection of Newfield Street and Mile Lane, this property boasts 145 feet of frontage on Newfield Street, a major thoroughfare. The site's strategic location places it within a vibrant commercial corridor, alongside numerous established national businesses, ensuring high visibility and accessibility. The asking price for this prime real estate is $650,000. The property includes the existing building at 876 Newfield Street, offering approximately 3200 square feet of space, although the condition and suitability of this structure for continued use are not guaranteed and should be independently verified. The zoning is designated as commercial, allowing for a wide range of development possibilities. The seller is motivated, and all offers will be considered. This is an exceptional chance to acquire a significant piece of commercial real estate in a thriving Connecticut market. The property's size and location make it ideal for a variety of commercial ventures, from retail to office space, and its high visibility ensures strong potential for attracting customers and clients. The 06457 zip code offers easy access to major transportation routes and amenities. This is a rare opportunity to capitalize on a prime location in a growing area. Serious inquiries are encouraged.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 3,221 SF
Lot 0.33 ac (14,375 SF)
Zoning code NPC
APN MTWN M:18 L:0024
UPID US15-0987646
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
Current use
Occupant on record · Public records
  • Newfield Rest Home Inc Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Newfield Stewart Re LLC · 12 yrs held
Newfield Stewart Re LLC
since 2014
Last sale
$499,000
3 recorded transactions
2014
Price N/A
1989
$500,000
1987
Price N/A
Zoning & alternative use
NPC · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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