Property profile

374 Colony St Wallingford, CT 06492

OFF-MARKET
Commercial real estate
Property ID
US15-0766730
3,011 SF 0.36 ac lot Built 1900
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, three-story mixed-use property situated on a 0.36-acre lot in the vibrant heart of Wallingford, Connecticut. The 3,011 square foot building boasts a prime location, offering convenient access to public transportation, including a nearby bus route and Amtrak rail station, as well as easy connectivity to I-91 and the Merritt Parkway. The property comprises three residential units and one storefront commercial unit within the main building, along with a separate 480 square foot commercial building suitable for various uses. Recently completed renovations encompass new appliances, HVAC systems, and electrical upgrades throughout the entire property. Each unit is equipped with individual meters for efficient utility management. This meticulously maintained and fully occupied building represents a stable and attractive investment prospect with strong potential for future appreciation. The strategic location and diverse tenant mix contribute to a consistent income stream, making this an ideal addition to any investment portfolio. The property's blend of residential and commercial spaces caters to a wide range of needs within a thriving community. This turnkey investment is ready for immediate ownership and offers a compelling opportunity for passive income generation. The property's size and location make it an attractive option for both seasoned investors and those seeking to diversify their holdings.

Property profile

Verified
Property type Commercial real estate
Year built 1900
Total area 3,011 SF
Lot 0.36 ac (15,682 SF)
UPID US15-0766730

Cap rate & NOI

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

Location

374 Colony St Wallingford, CT 06492
Wallingford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
1 recorded transaction
2021
$250,000

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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