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    24 Meriden Rd Waterbury, CT 06705

    Sponsored
    For Lease
    $18 SF/Yr ($5,400 /Mo)

    High-traffic, 3600 sq ft building

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,600 square foot free-standing building is located at 24 Meriden Road in Waterbury, Connecticut, on Route 69, boasting a daily traffic count of 22,900 vehicles. The property sits on a 0.36-acre lot and is zoned CA (Commercial). Ideal for fast food or auto service businesses, this single-tenant building offers 3 overhead doors, a 10-foot ceiling height, and is constructed of block and steel. The interior measures approximately 80' x 45' and features partial air conditioning and gas heat. Utilities include 200-amp 3-phase electric service, Eversource gas, city water, and city sewer. Built in 1988, the building is available for lease at $18.00 per square foot, plus net expenses. The property's convenient location offers proximity to Interstate 84 (less than one mile) and Route 8 (one mile). Ample parking is available. The building can be subdivided to accommodate various business needs.

    Property Features for 24 Meriden Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF
    Total Rate
    5400

    Unit(s) available at that property

    Space
    Size
    3,600 SF
    Rate per SF
    $18

    HighLights

    • 3,600 SF free‑standing building on 0.36‑acre lot in Waterbury, CT.
    • Located on Route 69 with 22,900 VPD.
    • CA zoning, ideal for fast food or auto service.
    • Features three overhead doors, 10' ceilings, block & steel construction.
    • $18/SF NNN lease rate.
    • Less than one mile from I‑84 and Route 8, ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ernie's Auto Used Car Dealer Tire Mart Plus Auto Repair Shop American Auto Electric Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.016706
    Latitude
    41.5471353

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    FAQs

    What type of property is this?
    Restaurant - High-traffic, 3600 sq ft building
    Where is this restaurant located?
    The property is located at 24 Meriden Rd Waterbury, CT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 3,600 SF free-standing building on 0.36-acre lot in Waterbury, CT.; Located on Route 69 with 22,900 VPD.; CA zoning, ideal for fast food or auto service.
    Request Owner's contact information
    24 Meriden Rd Waterbury, CT 06705
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    Waterbury, CT 06705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Meriden Rd Waterbury, CT 06705
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