1646 Litchfield TpkeWoodbridge, CT 06525

Property Details for 1646 Litchfield Tpke

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.01 AC

Property size (Sq ft)

10,723 SF

Zone code

BI

Property type

Retail properties

Property subtype

Retail space

APN

WBRD M:02701 B:01000 L:1646

APU

WBRDM02701B01000L1646

Description

This exceptional 4,000 square foot single-tenant retail space is ideally situated at the high-traffic intersection of Woodbridge and New Haven avenues, conveniently located just off Exit 59 of the Merritt Turnpike and Litchfield Turnpike. Built in 1965, this one-story building offers a versatile layout perfect for a variety of businesses. The property's BI zoning allows for diverse uses, including restaurants, banks, laundromats, convenience stores, or medical facilities. A key advantage is the potential for a drive-thru, significantly enhancing accessibility and customer convenience. All city utilities and gas are readily available. This endcap space benefits from high visibility and excellent access, placing it in close proximity to thriving businesses such as a recently opened Starbucks and Katz Deli. The property presents a unique opportunity for a business seeking a well-located, established space with significant growth potential. The building consists of a single, 4,000 square foot structure, offering ample space for a variety of business needs. This is a rare opportunity to establish a presence in a bustling commercial area with strong existing businesses and high foot traffic. Don't miss this chance to secure a prime retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,606,063

  6.5%

  $2,405,597

  7%

  $2,233,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,530,689

  Geo Method

  $3,530,689

• Alternative Use

  Use

  Valuation

  Residential

  $2,029,211

  Hospitality

  $1,858,746

  Educational

  $1,546,455

  Medical

  $1,599,640

  Retail

  $2,405,597

Location Insight

City

Woodbridge

County

New Haven

State

Connecticut

Latitude

41.3398

Longitude

-72.9785

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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