1943 Berlin TpkeBerlin, CT 06037

Property Details for 1943 Berlin Tpke

Year built

2007

Construction

FRAME

Lot size

4.67 AC

Property size (Sq ft)

17,500 SF

Zone code

BT-1

Property type

Retail properties

Property subtype

Other retail properties

APN

BERL M:21-4 B:153 L:9 U:997

APU

BERLM214B153L9U997

Description

This 17,000 square foot retail property in Berlin, CT, offers flexible space ideal for multiple tenants. Currently, 7,000 square feet is available, divisible into units ranging from 1,300 to 7,000 contiguous square feet. The building is located on Berlin Turnpike in Hartford County (zip code 06037), a high-traffic area with 26,400 vehicles passing daily, boasting excellent visibility and accessibility to Routes 9, 15, and I-91. This prime location benefits from strong demographics and proximity to major transportation arteries, placing it within 15 minutes of both Hartford and New Haven. Existing tenants include a thriving wine and spirits store and a nail salon, indicating a successful and established commercial environment. The property's central Connecticut location also offers easy access to corporate, technology, and industrial parks, making it an attractive option for a variety of businesses. This presents a unique opportunity to establish or expand a retail presence in a vibrant and well-connected marketplace.

• CAP approach

  CAP return

  Valuation

  6%

  $4,253,111

  6.5%

  $3,925,948

  7%

  $3,645,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,762,106

  Geo Method

  $5,762,106

• Alternative Use

  Use

  Valuation

  Residential

  $3,311,684

  Hospitality

  $3,033,485

  Educational

  $2,523,824

  Medical

  $2,610,622

  Retail

  $3,925,948

Location Insight

City

Berlin

County

Hartford

State

Connecticut

Latitude

41.5981

Longitude

-72.7535

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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