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Retail Building with Subdivision Potential
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862 Silas Deane Hwy, Wethersfield, CT 06109

Flexible retail property with on-building signage, updated improvements, and convenient highway access.

Property Size3,500 SF - 7,000 SF
Lot Size0.53 Acres
Days on Market118

Property Features for 862 Silas Deane Hwy

General Information

Standard status Active
Size 3,500 SF - 7,000 SF
Net Rentable 3,500 SF
Total Parking Spaces 25
Lot size 0.53 Acres
Property subtype RETAIL
Zoning RC
Lease Type SF/yr

Space & Availability

Available Space 3,500-7,000 SF
Contiguous Space 7,000 SF
Divisible Yes

Site & Location

Highway Access Yes
Road Access Yes

Amenities

On-building signage

Building Details

Year Renovated 2015
Listing Agency: O,R&L Commercial, LLC
Listed By: Robert Gaucher · License #REB.0755257
Source: Moodyscre
Added: Apr 7 Changed: Jul 31 Last Checked: Aug 2 at 11:45AM

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 O,R&L Commercial, LLC

Investment Insights

Based on property information with market context.

This 7,000-square-foot retail building occupies 0.53 acres and can be subdivided to 3,500 square feet. The property includes on-building signage, 25 on-site parking spaces, and an additional 19 spaces leased at the rear. New roof, windows, HVAC, and paving were completed in 2015.

Located on Silas Deane Hwy, the property records 16,700 ADT and is 1.3 miles from I-91 at exits 24 and 25. RC zoning supports its commercial positioning.

Key Highlights

  • 7,000 SF retail building on 0.53 acre
  • Subdividable to 3,500 SF
  • 25 spaces on site plus rear 19 leased

Property Analytics

Current Use

Russian School of Mathematics ... Tutoring Service

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Catering Service

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

584
Businesses Nearby
82k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 35% Apparel 26% Shops & Services 26% Groceries 7%
Burger King Dining
13,738 visits/mo 0.1 miles
Once Upon A Child Apparel
12,374 visits/mo 0.4 miles
Dunkin' Donuts Dining
11,883 visits/mo 0.4 miles
Plato's Closet Apparel
9,162 visits/mo 0.5 miles
Mobil Shops & Services
7,042 visits/mo 0.4 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

Market

Lease Benchmarks for Wethersfield, CT

$19.98 /SF/Yr
Avg Asking Price
$10–$45.33 /SF/Yr
Price Range
5,806 SF
Avg Space Size

This space is priced 25% below the average of $19.98 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible retail property with on-building signage, updated improvements, and convenient highway access.
Where is this retail space located?
The property is located at 862 Silas Deane Hwy Wethersfield, CT.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 7,000 SF retail building on 0.53 acre; Subdividable to 3,500 SF; 25 spaces on site plus rear 19 leased
(860) 841-0774 Call to check price and availability
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