2985 Berlin TpkeNewington, CT 06111

  • Other commercial real estate
  • 16.29 AC
For Lease

Property Details for 2985 Berlin Tpke

Lot size
16.29 AC
Zone code
PD
Property type
Other commercial real estate
APN
NEWI M:27 B:149 L:0
APU
NEWIM27B149L0

Description

Turnpike Plaza offers two available retail units for lease, totaling 4,273 square feet, in a thriving Newington, CT shopping center. Unit 07A boasts 2,731 square feet with 9'3" ceilings, while Unit 07B offers 1,542 square feet and 9'2" ceilings. Both are suitable for retail, restaurant, or medical uses, and rent is available upon request. This Class A property is situated on the high-traffic Berlin Turnpike (Route 5/15), experiencing over 34,000 vehicles daily, ensuring excellent visibility and accessibility. The center encompasses 150,000 square feet and benefits from a strong demographic base, with over 198,000 people residing within a 5-mile radius. The property features ample parking (300+ spaces) and is anchored by established businesses such as Price Chopper, Chili's Bar & Grill, and others, creating a synergistic retail environment. Nearby national retailers include Walmart, Big Lots, TGI Friday's, and more, further enhancing the location's appeal. This opportunity presents a unique chance to establish or expand your business in a high-demand retail corridor. Contact us today to learn more about leasing options and pricing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $134,282,560
    Hospitality
    $123,002,104
    Educational
    $102,336,304
    Medical
    $105,855,808
    Retail
    $159,189,808
2985 Berlin Tpke, Newington, Connecticut

Location Insight

City
Newington
County
Hartford
State
Connecticut
Latitude
41.6687
Longitude
-72.7205
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$772,969
$3,725,750
$16,424,630
$20,150,380
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