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Property profile & analytics
OFF-MARKET
Warehouses

979 Meriden-Waterbury Tpke Southington, CT 06479

Built 1975
Property ID
Property summary
AI-generated overview

Lion Plaza, located at 979 Meriden Waterbury Turnpike, offers a unique opportunity to lease a versatile 4,350 square foot commercial space. This single-story, 1975-built building combines traditional office space with warehouse and flex capabilities, ideal for a variety of businesses. The property features approximately 3,500 square feet of warehouse space complemented by approximately 850 square feet of mezzanine space, providing ample storage and office area. The warehouse boasts high ceilings, approximately 16 feet in height, offering significant vertical storage potential. The space is currently vacant and available for immediate occupancy. The property benefits from its location on a high-traffic road (Route 322), ensuring excellent visibility and accessibility. Ample parking is available for tenants and their clients. Utilities include electric and gas service. Lease terms are flexible, and a two-month security deposit is required. The asking rent is $8.00 per square foot. This property is perfect for a business seeking a combination of office and warehouse space in a convenient and highly visible location. The multiple tenancy structure allows for flexibility in lease terms and space configuration.

Property profile
Verified
Property type Warehouses
Year built 1975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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