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Property profile & analytics
FOR LEASE
Retail space

1646 Litchfield Tpke Woodbridge, CT 06525

10,723 SF 3.01 ac lot Built 1965
Individually Owned 18-yr Hold Free & Clear
Property ID
US15-0020605
Property summary
AI-generated overview

This exceptional 4,000 square foot single-tenant retail space is ideally situated at the high-traffic intersection of Woodbridge and New Haven avenues, conveniently located just off Exit 59 of the Merritt Turnpike and Litchfield Turnpike. Built in 1965, this one-story building offers a versatile layout perfect for a variety of businesses. The property's BI zoning allows for diverse uses, including restaurants, banks, laundromats, convenience stores, or medical facilities. A key advantage is the potential for a drive-thru, significantly enhancing accessibility and customer convenience. All city utilities and gas are readily available. This endcap space benefits from high visibility and excellent access, placing it in close proximity to thriving businesses such as a recently opened Starbucks and Katz Deli. The property presents a unique opportunity for a business seeking a well-located, established space with significant growth potential. The building consists of a single, 4,000 square foot structure, offering ample space for a variety of business needs. This is a rare opportunity to establish a presence in a bustling commercial area with strong existing businesses and high foot traffic. Don't miss this chance to secure a prime retail location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,723 SF
Lot 3.01 ac (131,116 SF)
Zoning code BI
APN WBRD M:02701 B:01000 L:1646
UPID US15-0020605
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
  • Jon D. Racow - Woodbridge State Farm Insurance Agent Insurance Agency
  • Invigor8 Your Energy Now, LLC Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.46M
Owner & transaction history
RT Litchfield · 18 yrs held
RT Litchfield
since 2007
1 recorded transaction
2007
$1
Zoning & alternative use
BI · Woodbridge, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +37.6%
Commercial (general) $1.3M +16.1%
Office building $1.2M +1.6%
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