In this article, a novel metamaterial is presented that is constructed with split ring resonators (SRR) arranged in a nested square configuration. The proposed metamaterial unit cell is constructed over a 1.5 mm thick FR-4 substrate with electrical dimensions of 0.11 λ × 0.11 λ, where λ is the wavelength calculated at 2.8 GHz. The resonating patch contains five interconnected nested squares, including two square split ring resonators (SSRRs). The unit cell exhibits three distinct frequencies at 2.8 GHz, 5.8 GHz, and 11.2 GHz, with corresponding magnitudes of −45 dB, −50 dB, and −30 dB, respectively. Negative permittivity (ε-Negative) is observed in frequency ranges of 2.3–3.20 GHz, 4.4–6.9 GHz, and 10.8–11.30 GHz, with near-zero refractive index. The simulated outcome acquired in CST microwave studio is subsequently confirmed using analogous circuit modeling in Advanced System software (ADS). Moreover, the prototype of the proposed metamaterial is developed that shows similar resonances obtained in the simulation. The effective medium ratio (EMR) of the unit cell is calculated and a high EMR of 8.3 expresses the compactness of the metamaterial. Due to its structural compactness, this new metamaterial with ε-negative, near zero refractive index, and triple band resonance properties holds significant potential for wireless applications such as radar systems, satellite communications, and wireless sensor networks.