Highway Retail
New
For Sale
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708 Silas Deane Hwy, Wethersfield, CT 06109
The space is next to a Mobil station and Oakland Fresh Market, both operated by the property owner.
Property Size1,800 SF
Price / SF$1.61
Days on Market4
Property Features for 708 Silas Deane Hwy
General Information
Standard status
Active
Size
1,800 SF
Building Details
Year Built
1960
Listing Agency:
Francis Realty & Consulting
Listed By:
Chris Francis (860) 335-4791 (860) 967-8776 · License #RES.0830112
(860) 335-4791
Source:
Fairfieldcounty-properties
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:30PM
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 Francis Realty & Consulting
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Investment Insights
Based on property information with market context.
At 708 Silas Deane Hwy in Wethersfield, this retail space offers approximately 1,800 square feet along the highway. The building dates to 1960, and the space is adjacent to a Mobil gas station and Oakland Fresh Market, both operated by the property owner.
Potential concepts mentioned for the space include a bakery, café, smoke shop, or specialty retailer. Dine-in service is not permitted. Any proposed use requires landlord approval and must comply with zoning and municipal requirements; prospective tenants should confirm permitted uses with the Town of Wethersfield.
Potential concepts mentioned for the space include a bakery, café, smoke shop, or specialty retailer. Dine-in service is not permitted. Any proposed use requires landlord approval and must comply with zoning and municipal requirements; prospective tenants should confirm permitted uses with the Town of Wethersfield.
Key Highlights
- Approximately 1,800 square feet of retail space
- Along Silas Deane Highway in Wethersfield
- Next to a Mobil gas station and Oakland Fresh Market, both operated by the property owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,344
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,880
$406.9K
Cap Rate 7%
$290,629
$290.6K
Cap Rate 9%
$226,044
$226.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$3.3K −$1.85/SF
EGI
$29.1K $16.15/SF
− OpEx
−$8.7K −$4.84/SF
NOI
$20.3K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,880
Cap Rate 7%
$290,629
Cap Rate 9%
$226,044
Alternative Uses
Best Use
Retail
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 701.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.5K
$469.5K – $626.0K
NOI $37,557 @ 7.0% cap · market cap 1,295.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 25%
Groceries 9%
Home Improvements & Furnishings 5%
Ocean State Job Lot
Shops & Services
20,400 visits/mo
0.2 miles
Burger King
Dining
13,738 visits/mo
0.4 miles
Mobil
Shops & Services
7,042 visits/mo
0.0 miles
Buy Rite Liquors
Groceries
5,797 visits/mo
0.2 miles
TD Bank
Shops & Services
5,636 visits/mo
0.1 miles
Demographics for 06109, CT
27,298
Population
11,833
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
2,219
Density / Sq Mi
$118,523
Median Household Income
$70,225
Median Earnings
$1,303
Median Rent
$300,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The space is next to a Mobil station and Oakland Fresh Market, both operated by the property owner.
Where is this retail space located?
The property is located at 708 Silas Deane Hwy Wethersfield, CT.
What are key features of this property?
This property features: Approximately 1,800 square feet of retail space; Along Silas Deane Highway in Wethersfield; Next to a Mobil gas station and Oakland Fresh Market, both operated by the property owner
