866 Colony RdWallingford, CT 06492

Property Details for 866 Colony Rd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

1,296 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WALL M:063 L:032

APU

WALLM063L032

Description

This exceptional business opportunity in Wallingford, Connecticut, is offered at $199,900. The sale includes a thriving, established business with a proven track record of consistent customer traffic and significant growth potential. The current business and all associated equipment are included in the sale price. The property itself is not included; the business operates under a long-term lease at 866 N Colony Road, Wallingford, CT 06492. The lease provides stability and the option to retain the existing business name, offering a seamless transition for the new owner. All equipment is approximately three years old, ensuring minimal maintenance needs in the near future. The HVAC system is also approximately three years old, further enhancing the operational efficiency and reducing potential repair costs. The business occupies 1,295 square feet of space, providing ample room for operations. This turnkey operation presents a rare opportunity for immediate income generation and future expansion within a well-established market. The business is categorized as Special Purpose, Industrial, and Land, with manufacturing and commercial subtypes. This is a truly exceptional opportunity for a motivated entrepreneur.

• CAP approach

  CAP return

  Valuation

  6%

  $314,973

  6.5%

  $290,745

  7%

  $269,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,725

  Geo Method

  $426,725

• Alternative Use

  Use

  Valuation

  Residential

  $245,254

  Hospitality

  $224,651

  Educational

  $186,907

  Medical

  $193,335

  Retail

  $290,745

Location Insight

City

Wallingford

County

New Haven

State

Connecticut

Latitude

41.4804

Longitude

-72.8104

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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