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    Property profile & analytics
    OFF-MARKET Estimated value $830,000
    Commercial real estate

    141 Meriden Rd, Waterbury, CT 06705-1937

    7,500 SF 0.49 ac lot Built 1965
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US15-0905315
    Property summary
    AI-generated overview

    This exceptional 7,500-square-foot free-standing warehouse in Waterbury, CT, presents a unique leasing opportunity. Located at the highly visible corner of Meriden Road and Manor Avenue, this property boasts a prime location with a traffic light and significant daily traffic counts exceeding 23,000 vehicles, with over 1,200 entering the on-site parking lot. The building, formerly occupied by Rite Aid Pharmacy, offers flexible space options. The entire 7,500 square feet is available, or it can be subdivided into five 1,500-square-foot units, with one unit featuring a drive-thru. Each unit benefits from separate utilities. The building features a 10-foot ceiling height and is situated within a neighborhood shopping center. The property is professionally managed with local ownership, ensuring efficient and responsive management. Pricing is competitive, with the entire 7,500 square feet available at $12.95 per square foot gross, including taxes. Individual 1,500-square-foot units are available at $17.95 per square foot, with the drive-thru unit priced at $19.95 per square foot. Multiple units can be combined to accommodate various business needs. The property is zoned CA and offers on-site parking (5 spaces per 1000 square feet). This is an ideal opportunity for businesses seeking a well-located, adaptable warehouse space in a thriving commercial area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1965
    Total area 7,500 SF
    Lot 0.49 ac (21,344 SF)
    Zoning code CA
    APN WBRY M:0349 B:0352 L:0007
    UPID US15-0905315
    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
    • Rite Aid Pharmacy Pharmacy
    • Rite Aid Pharmacy
    • Viljan Kristollari Pharmacy
    • Denis Oconnor Pharmacy
    • Amazon Locker - Jaks Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $859k
    Blend (final) Blend
    $830k
    Owner & transaction history
    Francis J Wihbey · 4 yrs held
    Francis J Wihbey
    since 2021
    2 recorded transactions
    2021
    2013
    Zoning & alternative use
    CA · Waterbury, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +109.1%
    Apartment house (5+ units) $740,000 +41.0%
    Auto repair, garage $680,000 +29.7%
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