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    892 Colony Rd Wallingford, CT 06492

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Space, High Traffic Area, 3600 SF

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 892 N Colony Road in Wallingford, Connecticut, presents a unique investment opportunity. The 3,600 square foot space is an end unit offering excellent visibility and accessibility. Situated directly on Route 5, it benefits from high traffic volume exceeding 22,000 cars daily, ensuring significant exposure for any business. The property features a spacious showroom, ample storage areas including a second-floor storage space, a convenient back room, and an overhead door for easy loading and unloading. Internal amenities include a half-bath and a small kitchen area. The building is in excellent condition. While there are some non-compete restrictions within the plaza, this property offers a substantial footprint and prime location for a variety of commercial uses. The asking price for this special purpose land and building is $18 million. The property's address is verified as 892 N Colony Road, Wallingford, CT 06492, within South Central Connecticut county. Its convenient location offers easy access to major highways.

    Property Features for 892 Colony Rd

    General Information

    Property type
    Land
    Square Feet
    3,600 SF

    HighLights

    • $18 million asking price.
    • 3,600 square foot commercial land parcel.
    • Located at 892 N Colony Road, Wallingford, CT 06492.
    • High‑traffic location on Route 5, exceeding 22,000 cars daily.
    • Features showroom, storage, overhead door, and second‑floor storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heritage Floor Covering ... Flooring Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    South Central Connecticut
    State
    Connecticut
    Longitude
    -72.8097733
    Latitude
    41.4821914

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, High Traffic Area, 3600 SF
    Where is this land located?
    The property is located at 892 Colony Rd Wallingford, CT.
    What is the asking price?
    The asking price for this property is $18.
    What are key features of this property?
    This property features: $18 million asking price.; 3,600 square foot commercial land parcel.; Located at 892 N Colony Road, Wallingford, CT 06492.
    Request Owner's contact information
    892 Colony Rd Wallingford, CT 06492
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    Wallingford, CT 06492
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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
    892 Colony Rd Wallingford, CT 06492
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