510 Meriden Road, Waterbury, CT 06705
- Added:
- Mar 21, 2025
- Days on Market:
- 464
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 510 Meriden Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CG
- Standard status
- Pending
- Size
- 18,618 SF
- Lot size
- 2.95 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 21738
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1961
Listing agent Shelly Meister Zamudio (860) 655-3711
Listing office Realty 3 CT 276 N Main Street, Southington, CT (860) 621-7323
Listing date Mar 21, 2025
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate Income Generation: Five fully rented buildings provide a stable income stream.
- Prime Location: Highly visible corner parcel on State Route 844 with excellent traffic flow.
- Generous Lot Size: 2.95 acres offer ample room for growth or future development.
- Versatile Zoning: CG (Commercial General) zoning allows for a wide range of commercial uses.
- Multiple Buildings/Tenants: Four buildings housing five tenants, diversifying income sources.
- Convenient Access: Accessible via State Route 844 and Woodland Avenue.
Overview
The site is located on Meriden Road at the intersection with Woodland Avenue, positioned for visibility on State Route 844. The corner parcel provides straightforward access from Woodland Avenue and benefits from the prominent road frontage associated with a main thoroughfare address in Waterbury, Connecticut.
For tenants and investors seeking a ready-to-operate retail investment, the current setup features all units leased with five tenants in place. Buyers evaluating this asset can review its multi-building shopping center structure and confirm the CG zoning for intended retail or commercial activities. The acreage and corner configuration also offer practical considerations for future site planning, subject to applicable approvals.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.8k | $13.20 |
| − Vacancy | −$20.9k | −$1.12 |
| EGI | $224.9k | $12.08 |
| − OpEx | −$67.5k | −$3.62 |
| NOI | $157.4k | $8.45 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- East Gate Plaza — 96 Store Ave, Waterbury, CT 06705
- Waterbury Plaza Shopping Center — Waterbury, CT 06704
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.001636
- Latitude
- 41.5516934
