Property summary
This exceptional commercial property, located at 1387 Meriden Rd in Wolcott, Connecticut, presents a fantastic investment opportunity. The 2,258-square-foot building sits on a 0.33-acre lot and boasts a prominent 120-foot frontage with two convenient curb cuts. Built in 1980 and renovated in the same year, the single-story structure is zoned CG, offering versatility for a range of uses. The high traffic count of 13,700 vehicles provides excellent visibility and accessibility for potential businesses. Ideal for a restaurant, but also suitable for medical offices, daycare centers, or other retail ventures, this property offers significant potential for growth and profitability. The asking price is $485,000, translating to $214.79 per square foot. The entire 2,258 square feet is net rentable, maximizing space utilization. This location in New Haven County, with its zip code 06716, offers a strategic position within a thriving community. Don't miss this chance to acquire a well-situated commercial property with substantial upside.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
General Commercial GC District GC Industrial District I Economic Development District #1 (Eff. 9-28-01) EDD-1 Economic Development District #2 (Eff. 9-28-01) EDD-2 Special Overlay Districts Route 69 Corridor District Lak…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Wolcott market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GC · Wolcott, CTGeneral Commercial GC District GC Industrial District I Economic Development District #1 (Eff. 9-28-01) EDD-1 Economic Development District #2 (Eff. 9-28-01) EDD-2 Special Overlay Districts Route 69 Corridor District Lak…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
General Commercial GC District GC Industrial District I Economic Development District #1 (Eff. 9-28-01) EDD-1 Economic Development District #2 (Eff. 9-28-01) EDD-2 Special Overlay Districts Route 69 Corridor District Lak…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Wolcott, CT.
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Find the owner behind the property.
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