194 Amity RdWoodbridge, CT 06525

Property Details for 194 Amity Rd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.83 AC

Property size (Sq ft)

4,488 SF

Zone code

GB

Property type

Retail properties

Property subtype

Banks

APN

WBRD M:02701 B:00030 L:194

APU

WBRDM02701B00030L194

Description

This exceptional 4,488-square-foot free-standing retail building at 194 Amity Road in Woodbridge, CT, presents a unique leasing opportunity. Conveniently situated off Exit 59 of the Merritt Parkway, this Class A property boasts a prime location within the Woodbridge Business District, surrounded by a vibrant mix of restaurants, banks, and other retail businesses. The single-story building, constructed in 1965, offers excellent visibility and frontage on Amity Road (Route 63). Currently configured as a bank branch with a drive-thru and a medical office, the space is highly adaptable to a variety of uses, including but not limited to restaurants, medical offices, financial institutions, and retail stores. The property features ample parking with 48 spaces available for tenants and patrons. The building is zoned GB and offers multiple suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 4,488 square feet. The entire 4,488 square feet is currently vacant and ready for immediate occupancy. The 0.83-acre lot provides ample space and accessibility. This is an exceptional opportunity to secure a highly visible and well-located commercial space in a thriving business district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,090,741

  6.5%

  $1,006,838

  7%

  $934,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,477,733

  Geo Method

  $1,477,733

• Alternative Use

  Use

  Valuation

  Residential

  $849,305

  Hospitality

  $777,959

  Educational

  $647,253

  Medical

  $669,513

  Retail

  $1,006,838

Location Insight

City

Woodbridge

County

New Haven

State

Connecticut

Latitude

41.3397

Longitude

-72.9818

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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