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Property profile & analytics
FOR SALE
Showrooms

1387 Meriden Rd Wolcott, CT 06716

2,258 SF 0.33 ac lot Built 1948
Individually Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US15-0354576
1387 Meriden Rd, Wolcott, CT 06716 For Sale
$485,000 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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thai Palace Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Richard J Synnott Ret · 17 yrs held
Richard J Synnott Ret
since 2009
2 recorded transactions
2009
$1
1997
Price N/A
Zoning & alternative use
GC · Wolcott, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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