Multi-Tenant Retail
For Sale
$1,250,000
34 , Prospect, CT 06712
Five occupied tenant spaces share a newly replaced roof and 30 on-site parking spaces.
Property Size1,954 SF
Price / SF$189.39
Days on Market67
Property Features for 34
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
30
Property subtype
Commercial
Lease Term
Listing ID: 24195688, Standard Status: Active, MLS Status: Active, 10 days on market
Building Details
Building Size
1,954 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
Pavlik Real Estate LLC
(203) 758-4416
Listed By:
Richard Pavlik · License #REB.0791481
(203) 217-4149
Source:
Iverty
Added: Jul 31
Changed: Oct 4
Last Checked: Oct 4 at 10:44AM
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 Pavlik Real Estate LLC
Investment Insights
Based on property information with market context.
This retail plaza contains five occupied tenant spaces and has a newly replaced roof. The property includes 30 parking spaces, with 12 positioned at the front and 18 located behind the building. Constructed in 1954, the center provides an established retail configuration for ongoing commercial occupancy.
The property is located at 34 Waterbury Road in Prospect, Connecticut, along Connecticut State Highway Route 69. Its parking arrangement provides access from both sides of the building, supporting tenant and customer use.
The property is located at 34 Waterbury Road in Prospect, Connecticut, along Connecticut State Highway Route 69. Its parking arrangement provides access from both sides of the building, supporting tenant and customer use.
Key Highlights
- Five tenant spaces currently occupied
- New roof installed throughout the plaza
- 30 parking spaces: 12 front and 18 rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,800
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,000
$1.1M
Cap Rate 7%
$797,143
$797.1K
Cap Rate 9%
$620,000
$620.0K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$87.1K $13.20/SF
− Vacancy
−$7.4K −$1.12/SF
EGI
$79.7K $12.08/SF
− OpEx
−$23.9K −$3.62/SF
NOI
$55.8K $8.45/SF
Area
Waterbury, CT
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,000
Cap Rate 7%
$797,143
Cap Rate 9%
$620,000
Alternative Uses
Best Use
Retail
$797.1K
$697.5K – $930.0K
NOI $55,800 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,602 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 49%
Dunkin' Donuts
Dining
16,452 visits/mo
0.4 miles
Dollar General
Shops & Services
11,467 visits/mo
0.4 miles
Mobil
Shops & Services
3,530 visits/mo
0.2 miles
Mobil Gas Station
Shops & Services
1,508 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
737 visits/mo
0.4 miles
Demographics for 06712, CT
9,344
Population
3,546
Households
2.6
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
658
Density / Sq Mi
$125,556
Median Household Income
$70,658
Median Earnings
$1,888
Median Rent
$350,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Five occupied tenant spaces share a newly replaced roof and 30 on-site parking spaces.
Where is this shopping center located?
The property is located at 34 Prospect, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five tenant spaces currently occupied; New roof installed throughout the plaza; 30 parking spaces: 12 front and 18 rear
