5 Berlin RdCromwell, CT 06416

  • Land
  • 5.00 AC
For Sale

Property Details for 5 Berlin Rd

Lot size
5.00 AC
Zone code
HB
Property type
Land
Property subtype
Commercial land
APN
CROM M:00095900
APU
CROMM00095900

Description

This exceptional ±5-acre commercial land parcel presents a prime development opportunity in Cromwell, Connecticut. Located at 5 Berlin Road, this property boasts a highly desirable location within a bustling retail corridor, experiencing over 21,000 vehicles per day at the Shunpike Road and Berlin Road intersection. The site offers excellent visibility and accessibility, with convenient proximity to major transportation arteries. Less than a mile from Route 9 and 1.3 miles from Interstate-91, this location ensures easy access for both employees and customers. The zoning allows for the construction of a drive-thru building up to 3,300 square feet, making it ideal for a variety of uses including retail, medical facilities, restaurants, or banking institutions. This property benefits from the established presence of numerous national retailers in the immediate vicinity, including Walgreens, McDonald's, Dunkin', Stop & Shop, Mattress Firm, Taco Bell, and Burlington, creating a strong and vibrant commercial environment. The high traffic counts and strategic location make this a truly exceptional investment opportunity for developers seeking a high-impact commercial project in a thriving Connecticut market. Contact us for pricing details and to explore the potential of this remarkable property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $41,216,280
    Hospitality
    $37,753,888
    Educational
    $31,410,794
    Medical
    $32,491,058
    Retail
    $48,861,232
5 Berlin Rd, Cromwell, Connecticut

Location Insight

City
Cromwell
County
Middlesex
State
Connecticut
Latitude
41.6001
Longitude
-72.6797
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
$3,131
$106,470
-
$106,470
-
-
-
-

FAQs

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