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Mixed-Use Property with Retail and Apartments
For Sale
$650,000
Pending

85 N Colony Street, Wallingford, CT 06492

MULTI_FAMILY - Wallingford, CT

Property Size2,962 SF
Lot Size0.11 Acres
Days on Market209

Property Features for 85 N Colony Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning CA6
Bedrooms 5
Bathrooms 4
Full bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 3, Basement
Parking 8
Exterior features Sidewalk,Gutters
Basement Full, Unfinished
Lot features Level Lot
Elementary school Per Board of Ed
High school Lyman Hall
Directions RTE 5 North Colony across from Holy Trinity.
Standard status Pending
Size 2,962 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 4373

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1900
Architectural style Other
Listing Agency: HomeRun Realty LLC
Listed By: Billie D'alessio
Added: Jan 20 Changed: Aug 10 Last Checked: Aug 17 at 7:06PM
MLS# 24150119

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 mixed-use property at 85 N Colony Street, Wallingford, CT 06492 is set up for either owner-occupancy or multiple rental streams. The first floor has two separate retail units, each with a half bath. The second floor includes a two-bedroom apartment, and the third floor offers a one-bedroom contemporary-style unit. All separate utilities are in place, and the property is described as move-in ready.

The building sits on a 0.11-acre lot with approximately 2,962 square feet under roof and was built in 1900. Public water and public sewer are available, with exterior features including sidewalk and gutters. The property is listed as about 0.2 miles to a new train station, and is described as close to shopping, restaurants, and entertainment.

Zoning is CA6, supporting mixed-use activity with both retail and residential components within the same building.

Key Highlights

  • Two separate retail units on the first floor, each with a half bath
  • Second‑floor two‑bedroom apartment and third‑floor one‑bedroom contemporary‑style unit
  • All separate utilities and move‑in ready

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Parking Lot & Garage Storage Facility Butcher Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,166
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 43%
Checkers Dining
7,407 visits/mo 0.1 miles
Webster Bank Shops & Services
5,240 visits/mo 0.5 miles
Sunoco Shops & Services
4,164 visits/mo 0.2 miles
Napa Auto Parts Shops & Services
3,232 visits/mo 0.0 miles
SUBWAY Dining
1,800 visits/mo 0.1 miles

Demographics for 06492, CT

44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Zoned CA6 with public water and sewer, featuring two retail units and two residential apartments with separate utilities.
Where is this mixed-use property located?
The property is located at 85 N Colony Street Wallingford, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate retail units on the first floor, each with a half bath; Second‑floor two‑bedroom apartment and third‑floor one‑bedroom contemporary‑style unit; All separate utilities and move‑in ready
More about this property
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