For Sale
$795,000

374 Colony St Wallingford, CT 06492

Fully Leased, Remodeled Commercial Property

Overview

Added:
Feb 3
Days on market:
80
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 Details for 374 Colony St

Property type
Commercial real estate
Square Feet
3,011 SF
Year Built
1900
Lot Size (sq. ft)
15,682 SF

Location Insight

City
Wallingford
County
New Haven
State
Connecticut
Latitude
41.46368
Longitude
-72.8203

FAQs

What type of property is this?
Commercial real estate - Fully Leased, Remodeled Commercial Property
Where is the commercial real estate located?
The property is located at 374 Colony St Wallingford, CT.
What is the asking price?
The asking price for this property is $795,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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374 Colony St
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