374 Colony St Wallingford, CT 06492
- Commercial real estate
- 2,631 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 374 Colony St
- Year built
- 1900
- Lot size
- 0.36 lot acres
- Property size
- 2,631 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully leased, mixed-use property in the heart of downtown Wallingford, Connecticut. The property consists of two buildings totaling 2,631 square feet on a 0.36-acre lot. The main, three-story building, constructed in 1900 and completely renovated in 2022, features a retail storefront and three residential apartment units. All units benefit from new appliances, HVAC, and electrical systems. A separate 480 square foot commercial building offers additional income potential or versatile use. The property boasts five tenants under a modified lease agreement, providing a stabilized investment. Conveniently located on Route 5 (North Colony Street), it's within walking distance of the Amtrak station and Wallingford's center, offering easy access to public transportation. Its proximity to I-91 and the Merritt Parkway ensures excellent regional connectivity. The property is zoned CB40 Commercial District and includes 20 parking spaces. City gas, water, and sewer services are available. This is a rare opportunity to acquire a fully renovated, multi-tenant property with strong cash flow in a desirable Connecticut location. Asking price is $795,000, representing a price per square foot of $302.17.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wallingford
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8203215
- Latitude
- 41.4636707
