Strip Mall with Long-Term
1457 Meriden Road Wolcott, CT 06716
For Sale
$1,980,000
COMMERCIAL - Wolcott, CT
Property Size13,878 SF
Lot Size5.19 Acres
Price / SF$142.67
Days on Market376
Property Features for 1457 Meriden Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
Size
13,878 SF
Lot size
5.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
21764
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Listing Agency:
Houlihan Lawrence WD
(203) 787-6888
Listed By:
Young Lee · License #CT RES.0798035
(203) 499-8259
Added: Jul 17, 2025
Changed: Jul 26
Last Checked: Jul 27 at 12:06PM
MLS# 24112597
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.
Investment Insights
Based on property information with market context.
This Wolcott strip mall was built in 1990 and offers 8 retail store spaces totaling 13,878 square feet. The property sits on 5.19 acres and is zoned GC. Public remarks indicate rents are below present market levels, with long-time tenants in place averaging 16 years.
Located on Meriden Road in a heavy-traffic area, the center is positioned to serve consistent retail demand. The listing has been reduced to $1.98M for purchase.
For buyers and brokers evaluating retail tenancy, this configuration provides multiple storefronts within a single ownership with established occupancy and an on-site tenant base supported by multi-year tenure.
Located on Meriden Road in a heavy-traffic area, the center is positioned to serve consistent retail demand. The listing has been reduced to $1.98M for purchase.
For buyers and brokers evaluating retail tenancy, this configuration provides multiple storefronts within a single ownership with established occupancy and an on-site tenant base supported by multi-year tenure.
Key Highlights
- Reduced Sale Price: $1.98M
- Great Location in Wolcott with Heavy Traffic Area
- Features 8 Retail Store Spaces
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 - A Wolcott strip mall on 5.19 acres with eight retail spaces and long-tenured tenants averaging 16 years.
Where is this strip mall located?
The property is located at 1457 Meriden Road 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: Reduced Sale Price: $1.98M; Great Location in Wolcott with Heavy Traffic Area; Features 8 Retail Store Spaces
