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    995 N Colony Rd Wallingford, CT 06492

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    For Sale
    $450,000

    Single-story commercial building with automotive service history in thriving district.

    Property size:
    2,028 SF
    Lot size:
    0.21 Acres

    Property Features for 995 N Colony Rd

    General Information

    Size
    2,028 SF
    Lot size
    0.21 Acres

    Source: Coldwell Banker Realty | Branford Agent Lauren Freedman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wallingford Commercial Building For Sale

    Located at 995 North Colony Road in Wallingford, Connecticut, this property features a single-story commercial building constructed in 1945. The structure provides approximately 2,028 square feet of usable space on a 0.2136-acre lot. The masonry construction ensures durability. Previously used as Read's Auto Repair, an automotive service center, the property's location on North Colony Road offers visibility and accessibility, benefiting from the area's commercial activity. Nearby establishments include Town Fair Tire and Silver Sands Pizza. The property includes 3 bays with two 10' doors and one 12' door, along with a 10-gallon electric hot water heater. It has forced hot air oil heat, single-phase electric, and a 20-year-old roof. Natural gas is available. Phase one and two were completed along with remediation. It is subject to the transfer act program. This commercial space offers an investment opportunity in a commercial district.
    Insight Report Location Intelligence

    Current Use by Public Records

    Read's Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Quality Used Cars Llc, EthosEnergy Component Repair, Prime Tinting LLC, Innovative Restorations Inc., Rtc Small Engine Repair

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.809798
    Latitude
    41.4900554

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    FAQs

    What type of property is this?
    Auto shop - Single-story commercial building with automotive service history in thriving district.
    Where is this auto shop located?
    The property is located at 995 N Colony Rd Wallingford, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - High-visibility location on North Colony Road in a commercially active area.; - Established history as Read's Auto Repair, a well-regarded automotive service center.; - Durable masonry construction.
    (203) 889-8336
    Request Owner's contact information
    995 N Colony Rd Wallingford, CT 06492
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    Wallingford, CT 06492
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    995 N Colony Rd Wallingford, CT 06492
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