Two-Story Event Venue with
399 Wolcott Road Wolcott, CT 06716
For Sale
$450,000
COMMERCIAL - Wolcott, CT
Property Size2,382 SF
Lot Size0.92 Acres
Price / SF$188.92
Days on Market312
Property Features for 399 Wolcott Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Interior features
Public Restrooms
Exterior features
Gutters,Pole Sign
Standard status
Active
Size
2,382 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3298
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1942
Floors in Building
2
Listing Agency:
Showcase Realty, Inc.
(860) 283-1298
Listed By:
Dawn Rousseau · License #REB.0791790
(203) 217-6522
Added: Sep 19, 2025
Changed: Jul 26
Last Checked: Jul 27 at 2:06PM
MLS# 24127617
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.
Located at 399 Wolcott Road in Wolcott, CT, this legacy commercial property was most recently operated as a private event space. The site includes a substantial two-story building with a finished basement and approximately 2,382 square feet of interior space. The property sits on about 0.92 acres and offers roughly 25 on-site parking spaces, with room for expansion.
The building is equipped with central heat, and ductwork is in place for central air. A newer furnace was installed within about six years. Public remarks indicate approximately 30,000–40,000 vehicles pass daily, supporting strong visibility along a high-traffic corridor. Zoned GC, the property’s scale and layout are designed to allow flexibility for future adaptation; buyer due diligence is requested regarding proposed use and any potential conversion of the upper level back to a residential unit. Some owner financing is available.
The building is equipped with central heat, and ductwork is in place for central air. A newer furnace was installed within about six years. Public remarks indicate approximately 30,000–40,000 vehicles pass daily, supporting strong visibility along a high-traffic corridor. Zoned GC, the property’s scale and layout are designed to allow flexibility for future adaptation; buyer due diligence is requested regarding proposed use and any potential conversion of the upper level back to a residential unit. Some owner financing is available.
Key Highlights
- Substantial two‑story building plus finished basement, built in 1942
- Nearly an acre site with approximately 25 on‑site parking spaces and room for expansion
- Utilities include public water and public sewer
Financial Insights For Specialty 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 | $32.9k | $13.80 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $30.6k | $12.83 |
| − OpEx | −$7.6k | −$3.21 |
| NOI | $22.9k | $9.63 |
2,382 SF · lease $13.80/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$327.5K
$286.6K – $382.1K
NOI $22,928 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.1K
$553.1K – $737.5K
NOI $44,248 @ 7.0% cap · market cap 9.83%
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?
Wedding venue - Two-story building with finished basement, central heat, and ductwork for central air, plus about 25 on-site parking spaces.
Where is this wedding venue located?
The property is located at 399 Wolcott Road Wolcott, 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: Substantial two‑story building plus finished basement, built in 1942; Nearly an acre site with approximately 25 on‑site parking spaces and room for expansion; Utilities include public water and public sewer
