44 Turnpike RdWallingford, CT 06492

Property Details for 44 Turnpike Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.16 AC

Property size (Sq ft)

9,750 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WALL M:132 L:007

APU

WALLM132L007

Description

This exceptional commercial property, located at 44 S Turnpike Rd, Wallingford, CT 06492, presents a compelling investment or owner-user opportunity. The 9,750 square foot building, constructed in 2004, sits on a 1.16-acre lot and boasts a prime location with approximately 284 feet of road frontage. The property features ample parking (40 spaces) in a level, paved, and lined lot, ensuring convenient access for customers and employees. Its excellent visibility and curb appeal, along with prominent signage, contribute to its high commercial viability. The building is zoned for commercial use and offers easy access to major roadways, including close proximity to the Wilbur Cross Parkway. The asking price is $1,299,000, translating to $133.23 per square foot. This single-building property is ideal for a variety of commercial uses. Showings are by appointment only. All inquiries must maintain confidentiality and refrain from contacting the property owners or employees.

• CAP approach

  CAP return

  Valuation

  6%

  $2,369,590

  6.5%

  $2,187,314

  7%

  $2,031,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,210,316

  Geo Method

  $3,210,316

• Alternative Use

  Use

  Valuation

  Residential

  $1,845,081

  Hospitality

  $1,690,085

  Educational

  $1,406,130

  Medical

  $1,454,490

  Retail

  $2,187,314

Location Insight

City

Wallingford

County

New Haven

State

Connecticut

Latitude

41.4538

Longitude

-72.8409

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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