KITTS LANE/ BERLIN TURNPIKE SITE

220 Kitts Lane Newington, CT 06111

Newington
FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,200,000
Last Verified:
Mar 02, 2024

Highlights

  • 6.24 acre Development Site Berlin Turnpike Business Zone
  • Possible mixed Use Development Site
  • Adjacent to Stop & Shop Anchored Shopping Center
  • Site Located to rear of Aldi's on Berlin Turnpike

Description

6.24 Acre development site
All utilities
Easy Access to Berlin Turnpike

Located next to a Stop & Shop anchored shopping center.
Kitts Lane a short distance of the Berlin Turnpike
Site Visible to the Intersection of Berlin Turnpike South Bound

Lot Size: 6.24 acres


Documents

Brochure

Map of 220 Kitts Lane, Newington, CT, 06111

Presented by:
NAI Elite

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Hugh Schnip


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.