Property profile

1387 Meriden Rd Wolcott, CT 06716

FOR SALE
Showrooms
Property ID
US15-0354576
2,258 SF 0.33 ac lot Built 1948
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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1387 Meriden Rd, Wolcott, CT 06716 For Sale
Contact for pricing 2,258 SF
1387 Meriden Rd, Wolcott, CT 06716
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Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1948
Construction FRAME
Total area 2,258 SF
Lot 0.33 ac (14,375 SF)
Zoning code GC
APN WOLC M:117 B:5 L:22A
UPID US15-0354576

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1387 Meriden Rd Wolcott, CT 06716
Wolcott metro Census 361100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2009
2 recorded transactions
2009
$1
1997
Price N/A

Zoning & alternative use

GC · Wolcott, CT
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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