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Property profile & analytics
OFF-MARKET Estimated value $520,000
Showrooms

1585 Meriden Rd Wolcott, CT 06716-3253

11,472 SF 1.42 ac lot Built 1976
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US15-1037310
Property summary
AI-generated overview

This exceptional retail opportunity presents a 1,500 square foot space available for lease within the Farmingbury Center, located at 1585 Meriden Road in Wolcott, Connecticut, zip code 06716. Situated on a 1.42-acre lot, this strip center property offers convenient access and high visibility. The building, constructed in 1976, is zoned GC and falls within New Haven County. The space is ideal for a single tenant seeking a minimum of 1,500 square feet, with a maximum contiguous space also of 1,500 square feet. The property's strategic location directly across from Carabetta Apartments, near the Waterbury border, ensures high foot traffic and excellent exposure to a substantial customer base. This presents a unique chance to establish or expand a retail business in a thriving area. The total building square footage is 1 square foot, indicating this listing represents a single available unit within a larger complex. Interested parties should note that the minimum leasable space is 1,500 square feet.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1976
Construction FRAME
Total area 11,472 SF
Lot 1.42 ac (61,855 SF)
Zoning code GC
APN WOLC M:124B B:1 L:49
UPID US15-1037310
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
  • Tray’s Barbershop Barber Shop
  • Express Mart Grocery & Convenience Store
  • PB & JELLY DELI Take-out & Catering
  • Eagle Barber Shop Barber Shop
  • China Wok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
$623k
Blend (final) Blend
$520k
Owner & transaction history
Sung K Yi · 18 yrs held
Sung K Yi
since 2007
4 recorded transactions
2007
$1.3M
1997
Price N/A
1994
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Wolcott, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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