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3333 Berlin Tpke
Newington, CT 06111

Land For Sale · 24.10 AC

Investment Highlights

  • Excellent access & visibility along Berlin Turnpike.
  • Retail destination and nearby retailers.
  • Prime commuter location and strong demographics.
  • Mixed-use development opportunity.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Storefront, Retail or Office
Total Lot Size 24.10 AC

Description

The Property is strategically surrounded by Target, Walmart, The Home Depot, Lowe’s Home Improvement, Sam’s Club, LA Fitness, Dick’s Sporting Goods and Price Chopper. There is more than 1.2 million square feet of existing retail in Newington with a 3.3% vacancy rate, which reflects the strength of the South Hartford submarket (4.5% vacancy rate). The Property is zoned Planned Business Development (PD), which allows for a wide variety of uses including residential, retail, office and industrial. To highlight the flexible zoning and potential use, RJO’Connell & Associates, Inc. created a conceptual site plan for 160 residential units, a ±40,000 SF retail building and a ±7,000 SF restaurant pad. The retail component would greatly benefit from the 34,700 vehicles per day that pass by Property along with the area’s strong demographics—189,228 residents within a five-mile radius with an average household income of $82,762.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWI-000027-000133
Land Assessment
$2,058,000
Improvements Assessment
$5,079,170
Total Assessment
$7,137,170

zoning

Zoning Code PD
PD
  • Listing ID: 17713640

  • Date on Market: 11/13/2019

  • Last Updated:

  • Address: 3333 Berlin Tpke, Newington, CT 06111

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