TOWNSEND SQUARE - BROOKLYN, CT

538 Providence Road Brooklyn, CT 06234

538 Providence Road, Brooklyn, CT, 06234
538 Providence Road, Brooklyn, CT, 06234
FOR SALE
Property Type:
Other Land
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Oct 11, 2018

Highlights

  • Retail Building 5100 SF PetValu and Nail Spa
  • 36,000 SF of Approved Shopping Center with over 200 Parking Spaces
  • Route 6 Location just off I-395
  • Busy Retail and Business Area

Description

Approved 41,000 Square Feet Community Shopping Center Build out on Route 6 in Brooklyn, CT. 5,100 Square Feet completed in Phase 2 anchored by PetValu. CVS and Savings Institute are part of First Phase of the development. 7.49 Acres of total land for Retail, Medical or Office.

Providence Road/ Route 6 just off I-395. High traffic Count with surrounding population of over 100,000.


Year Built: 2017
Building Size: 5100.0sq ft
Lot Size: 7.49 acres

Map of 538 Providence Road, Brooklyn, CT, 06234

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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.