Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Bethel, CT 06801

Photos

Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 1 of 6
Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 2 of 6
Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 3 of 6
Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 4 of 6
Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 5 of 6
Downtown Bethel Redevelopment & Adaptive Reuse… — Sale in Bethel, CT, photo 6 of 6

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 269 Greenwood Avenue, Bethel, Connecticut, a rare downtown Fairfield County redevelopment and adaptive reuse opportunity featuring approximately 9,830 SF of existing improvements on 0.76 acres with income in place through April 2028. Located in the heart of Bethel's commercial district, the property benefits from recent capital improvements, including a new roof coating system and multiple HVAC replacements, while offering significant long-term repositioning potential. The site's Commercial zoning, downtown location, and proximity to transit, retail, and residential uses create multiple future use scenarios, including mixed-use, multifamily, retail, medical, office, entertainment, or owner-user redevelopment, subject to municipal approvals. The existing lease provides interim income and mitigates near-term carrying costs, allowing a future owner time to evaluate entitlement, redevelopment, adaptive reuse, or repositioning strategies. Situated within highly desirable Fairfield County, the property is well positioned to benefit from continued housing demand, adaptive reuse initiatives, and redevelopment activity throughout Connecticut. 269 Greenwood Avenue offers investors and developers a unique combination of current income, future flexibility, and long-term redevelopment upside in one of Connecticut's most sought-after markets. Investment Highlights: • Rare Downtown Bethel Infill Redevelopment Opportunity | Adaptive Reuse Candidate with Significant Recent Capital Improvements • Existing Income Stream Through April 2028 Minimizes Near-Term Carry Costs • Commercial Zoning with Potential Mixed-Use and Residential Redevelopment Opportunities | Positioned Within a Strong Fairfield County Housing Market • Potential Opportunity to Leverage Connecticut Housing and Redevelopment Initiatives | Existing Building May Support Conversion, Repositioning or Future Redevelopment • Highly Flexible Exit Strategies: Hold, Redevelop, Repo

Market Context

This retail in Bethel, CT is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Bethel, CT — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Connecticut