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    1387 Meriden Rd Wolcott, CT 06716

    Sponsored
    For Sale
    $485,000

    Prime Restaurant Space, High Traffic Area

    Property size:
    2,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1387 Meriden Rd in Wolcott, Connecticut, presents a fantastic investment opportunity. The 2,258-square-foot building sits on a 0.33-acre lot and boasts a prominent 120-foot frontage with two convenient curb cuts. Built in 1980 and renovated in the same year, the single-story structure is zoned CG, offering versatility for a range of uses. The high traffic count of 13,700 vehicles provides excellent visibility and accessibility for potential businesses. Ideal for a restaurant, but also suitable for medical offices, daycare centers, or other retail ventures, this property offers significant potential for growth and profitability. The asking price is $485,000, translating to $214.79 per square foot. The entire 2,258 square feet is net rentable, maximizing space utilization. This location in New Haven County, with its zip code 06716, offers a strategic position within a thriving community. Don't miss this chance to acquire a well-situated commercial property with substantial upside.

    Property Features for 1387 Meriden Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,258 SF
    Lot Size
    14,375 SF

    Building Details

    Year Renovated
    1980
    Buildings
    1
    Stories
    1

    HighLights

    • $485,000 asking price for this 2,258 SF retail restaurant building.
    • Located at 1387 Meriden Rd, Wolcott, CT 06716.
    • Features 120' of frontage with two curb cuts and a 13,700 daily traffic count.
    • Sits on a 0.33‑acre lot, with a CG zoning designation.
    • Renovated in 1980, this single‑story building offers excellent potential for various uses, including restaurant, medical, daycare, or retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thai Palace Thai Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcott
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.973210215235
    Latitude
    41.553803615608

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, High Traffic Area
    Where is this restaurant located?
    The property is located at 1387 Meriden Rd Wolcott, CT.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: $485,000 asking price for this 2,258 SF retail restaurant building.; Located at 1387 Meriden Rd, Wolcott, CT 06716.; Features 120' of frontage with two curb cuts and a 13,700 daily traffic count.
    Request Owner's contact information
    1387 Meriden Rd Wolcott, CT 06716
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    Wolcott, CT 06716
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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
    1387 Meriden Rd Wolcott, CT 06716
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