Strip Mall with 8 Retail
1457 Meriden Rd Wolcott, CT 06716
For Sale
$1,980,000
1990-built strip mall featuring eight long-tenanted storefront units in a heavy-traffic Wolcott corridor.
Property Size13,878 SF
Lot Size5.19 Acres
Price / SF$142.67
Days on Market49
Property Features for 1457 Meriden Rd
General Information
Standard status
Active
Size
13,878 SF
Lot size
5.19 Acres
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
Houlihan Lawrence WD
(203) 758-0264
Listed By:
Young Lee
Source:
Davejonesrealty
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 29 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houlihan Lawrence WD
Investment Insights
Based on property information with market context.
This for-sale retail property is a strip mall built in 1990 and configured with eight individual retail store spaces. The offering includes 13,878 SF of retail area on a 5.19-acre site. The current tenancy is supported by long-term occupants, with tenants described as averaging 16 years, and the public remarks note that current rent levels are below present market pricing.
Located at 1457 Meriden Rd in Wolcott, Connecticut, the property is marketed as being positioned in a heavy-traffic area. As presented, the center’s access and frontage are intended to serve a continuing stream of local retail customers along the Meriden Rd corridor.
For tenants, this layout can support a range of neighborhood retail uses that benefit from stable, established shopping traffic within a multi-tenant environment. For buyers and investors, the current structure provides a diversified retail mix across eight separate store spaces, along with an ownership opportunity at a reduced sale price as stated in the listing remarks.
Located at 1457 Meriden Rd in Wolcott, Connecticut, the property is marketed as being positioned in a heavy-traffic area. As presented, the center’s access and frontage are intended to serve a continuing stream of local retail customers along the Meriden Rd corridor.
For tenants, this layout can support a range of neighborhood retail uses that benefit from stable, established shopping traffic within a multi-tenant environment. For buyers and investors, the current structure provides a diversified retail mix across eight separate store spaces, along with an ownership opportunity at a reduced sale price as stated in the listing remarks.
Key Highlights
- 8, retail store spaces in a 1990‑built strip mall on a 5.19‑acre site
- 13,878 SF total building size
- Long‑time tenants with an average 16 years tenancy
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 | $183.2k | $13.20 |
| − Vacancy | −$15.6k | −$1.12 |
| EGI | $167.6k | $12.08 |
| − OpEx | −$50.3k | −$3.62 |
| NOI | $117.3k | $8.45 |
13,878 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,333 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,798 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - 1990-built strip mall featuring eight long-tenanted storefront units in a heavy-traffic Wolcott corridor.
Where is this strip mall located?
The property is located at 1457 Meriden Rd Wolcott, CT.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 8, retail store spaces in a 1990‑built strip mall on a 5.19‑acre site; 13,878 SF total building size; Long‑time tenants with an average 16 years tenancy
