Property profile

34 Waterbury Rd Prospect, CT 06712

FOR SALE
Retail space
Property ID
US15-0129146
6,600 SF 0.83 ac lot Built 1954
Entity Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 34 Waterbury Road, Unit 5, presents a unique leasing opportunity. The single-story building, totaling 6,600 square feet, offers a blend of retail and office space, currently configured for multiple tenants. Built in 1954 and extensively renovated in 2008, the property boasts a modern feel while retaining its character. A significant portion of the building, 2,400 square feet, is currently vacant and ready for immediate occupancy. The property sits on a sizable 0.83-acre lot, providing ample space and potential for future expansion or outdoor amenities. The building's zoning, designated B/Retail Store, allows for a variety of commercial uses, making it an ideal location for a diverse range of businesses. Located in New Haven County, this property benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking a well-maintained and conveniently located office space. The available 2,400 square feet offers a blank canvas for customization, allowing tenants to design their ideal workspace. This is a rare opportunity to secure a well-positioned commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,600 SF
Lot 0.83 ac (36,155 SF)
Zoning code B
APN PROS M:110 B:160 L:34
UPID US15-0129146

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Home Health Care Service
  • (Bike/Boat/Book/etc) Store

Location

34 Waterbury Rd Prospect, CT 06712
Prospect metro Census 347100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2001
3 recorded transactions
2004
Price N/A
2001
$525,000
2001
Price N/A

Zoning & alternative use

B · Prospect, CT
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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