214 Amity Rd Woodbridge, CT 06525-2241

This exceptional mixed-use investment property, Woodbridge Plaza, located at 214 Amity Rd, Woodbridge, CT 06525, presents a compelling opportunity. The 15,115 square foot property, built in 1981, comprises 12 units across a two-story building on a 0.79-acre lot. Currently boasting 100% occupancy with a diverse tenant base of 12, the property generates a substantial net operating income (NOI) of $121,166. The property features 13,570 square feet of net rentable space, priced at $122.39 per square foot. The asking price is $1,850,000, representing a stabilized investment with a gross lease structure. Recent capital improvements include new asphalt in the parking lot and three new HVAC units. The property benefits from 43 on-site parking spaces and is zoned GB. Its prime location on Amity Road, a major commuter route with over 16,000 vehicles daily, ensures high visibility and accessibility. The surrounding area features a vibrant commercial environment with established retailers and numerous residential units, creating a strong customer base. Proximity to Route 15/Merritt Parkway and the attractive Woodbridge community, known for its highly educated population and top-rated schools, further enhances its appeal. This property offers significant potential for value enhancement through lease upgrades and rent escalations. The average tenant lease term is thirteen years.