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    1520 Meriden Rd Wolcott, CT 06705

    Sponsored
    For Sale
    $199,000

    3 Acres, High Traffic, Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in the thriving Waterbury, Connecticut market. Strategically located at 1520 Meriden Road in Wolcott, this property boasts a highly desirable commercial zoning designation, allowing for a wide range of development possibilities. The site is situated at a traffic light on Meriden Road (CT Route 68), a high-traffic area with an average daily traffic count of approximately 12,100 vehicles, ensuring excellent visibility and accessibility for any business. All essential utilities are readily available, simplifying the development process and minimizing upfront costs. The property's size and location make it ideal for a variety of commercial ventures, from retail establishments and restaurants to office spaces and light industrial uses. This prime location offers unparalleled exposure to a substantial customer base, making it an attractive proposition for investors seeking a strong return on investment. The asking price for this exceptional commercial land is $199,000. Don't miss this chance to acquire a highly visible and versatile property in a rapidly growing area. The property is located in New Haven County, Connecticut, with a zip code of 06705. The GPS coordinates are 41.5541433 latitude and -72.9664883 longitude.

    Property Features for 1520 Meriden Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • $199,000 asking price for 3 acres of commercially zoned land.
    • High‑traffic location with 12,100 cars daily (DOT data).
    • Situated at a traffic signal.
    • All utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcott
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9664883
    Latitude
    41.5541433

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    FAQs

    What type of property is this?
    Land - 3 Acres, High Traffic, Commercial Zoning
    Where is this land located?
    The property is located at 1520 Meriden Rd Wolcott, CT.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price for 3 acres of commercially zoned land.; High-traffic location with 12,100 cars daily (DOT data).; Situated at a traffic signal.
    Request Owner's contact information
    1520 Meriden Rd Wolcott, CT 06705
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    Wolcott, 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
    1520 Meriden Rd Wolcott, CT 06705
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