1520 Meriden Rd Wolcott, CT 06705
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.