Vacant Former Rite Aid For Sale or Lease 1395 Middletown Ave 10,440 SF Retail Building Northford, CT 06472 $2,277,968 CAD ($218.20 CAD/SF)

We are pleased to present the opportunity to acquire a vacant former Rite Aid located at 1395 Middletown Avenue in Northford, Connecticut. The property consists of a 10,440-square-foot freestanding commercial building situated on approximately 2.6 acres and is offered at an attractive basis of approximately $153 per square foot. Positioned at the signalized intersection of Middletown Avenue (Route 17) and Linsley Street (Route 22), the property benefits from exceptional visibility, convenient accessibility, and approximately 26,300 vehicles per day at one of Northford's most prominent commercial intersections.
Originally developed for Rite Aid, the property features a highly functional retail layout, ample parking, prominent signage opportunities, and an existing drive-thru, a feature that remains highly sought after by financial institutions, medical users, pharmacies, quick-service restaurants, and a variety of service-oriented operators. The combination of building size, site configuration, and drive-thru infrastructure creates significant leasing and redevelopment flexibility that is increasingly difficult to replicate in today's entitlement and construction environment.
The property benefits from an effective year built of 2010, reflecting a modernized building profile, contemporary site improvements, and functional design characteristics that distinguish it from older second-generation retail inventory. The property's efficient layout and strong physical infrastructure support a wide range of occupancy, adaptive reuse, and redevelopment strategies.
Located within the B-2 Central Business District zoning designation, the property benefits from zoning flexibility that supports future leasing, occupancy, and redevelopment opportunities while enhancing the long-term value of the underlying real estate.
Northford is a village within the Town of North Branford, located in New Haven County and strategically positioned between New Haven, Wallingford, Middletown, and Connecticut's shoreline communities. The area is anchored by Route 17 and Route 22, two major commuter and commercial corridors that support regional connectivity and provide access to some of Connecticut's most significant employment centers. The surrounding trade area benefits from established residential neighborhoods, strong household demographics, and a stable mix of retail, healthcare, professional service, and community-oriented businesses.
This offering presents investors, owner-users, and developers with a rare opportunity to acquire a highly visible corner property with significant value-add potential through lease-up, adaptive reuse, or redevelopment. Combining a signalized hard-corner location, existing drive-thru infrastructure, flexible zoning, a modernized building profile, and an attractive acquisition basis, the property represents a compelling commercial real estate opportunity within an established New Haven County trade area.
Exclusively Listed in association with Dan Zelson | CT License No. REB.07455772