509 Wolcott Rd Wolcott, CT 06716
- Showrooms
- 1,920 SF
- 0.38 lot acres
Current Use by Public Records
- Veltri Nicholas DDS / Dentist
Property Details for 509 Wolcott Rd
- Year built
- 1969
- Construction
- FRAME
- Lot size
- 0.38 lot acres
- Property size
- 1,920 SF
- Zone code
- GC
- Property type
- Showrooms
- APN
- WOLC M:114 B:2 L:130
- APU
- WOLCM114B2L130
Description
This 3,260 square foot medical office building in Wolcott, Connecticut, offers three available suites ideal for medical or professional practices. Located at 509 Wolcott Road, 06716, this property boasts excellent visibility from its corner location. The building sits on a 0.38-acre lot and features ample parking with 25 spaces. Two upper-level suites, each approximately 1,000 square feet, are available for $1,250 per month. Each includes a waiting room, reception area, four exam rooms, a doctor's office, lab space, and a restroom. A lower-level suite of approximately 1,260 square feet is also available for $1,050 per month. This suite offers a waiting room, reception area, five private offices, a restroom, and a large open area. All suites benefit from 8-foot ceilings. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 1,260 square feet. The property is zoned commercial. This is a fantastic opportunity for medical professionals seeking well-appointed, conveniently located office space. The entire building is currently vacant.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $245,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $231,000
- AI Estimate
- $224,000
Market price range: $74.8k - $231kMarket price range: $74.8k - $231k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $170,000 Current use
- AUTO REPAIR, GARAGE
- $175,000 Change: +4% Conversion: Difficult
- OFFICE BUILDING
- $155,000 Change: -7% Conversion: Easy
- RETAIL STORES
- $155,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Wolcott
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9889
- Latitude
- 41.5934
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA