374 N Colony Rd
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374 N Colony Rd
2,559 SF 100% Leased Retail Building Wallingford, CT 06492 $795,000 ($311/SF)
Investment Highlights
- Excellent Location, walking distance to Amtrack railroad in the commercial district, convenient to I-91 & Merritt Pkwy
- Completely remodeled, 3 story building, 2,559 SF with 20 parking spaces
Executive Summary
Discover an exceptional investment opportunity in the heart of downtown Wallingford. The 2,631 square foot free-standing building is fully leased and completely remodeled including new appliances, HVAC and electrical. Easy walking distance to the Amtrak station and center of Wallingford. This main building offers a retail storefront, three residential apartment units. Also includes a 480 square foot commercial standalone building behind main building with various potential uses. This property is positioned on a bus route along busy North Colony Street (Route 5) and is located a short distance away from I-91 and Merritt Parkway.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,559 SF
Year Built
1900
Price
$795,000
Price Per SF
$311
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.36 AC
Zoning
CB 40
Parking
20 Spaces (7.82 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | WALL-000104-000000-000099 | Improvements Assessment | $154,800 |
Land Assessment | $69,300 | Total Assessment | $224,100 |
PROPERTY TAXES
Parcel Number
WALL-000104-000000-000099
Land Assessment
$69,300
Improvements Assessment
$154,800
Total Assessment
$224,100
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374 N Colony Rd
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