1015 Meriden RdWaterbury, CT 06705

Property Details for 1015 Meriden Rd

Year built

1987

Lot size

1.12 AC

Property size (Sq ft)

11,200 SF

Zone code

RL

Property type

Super regional malls

APN

WBRY M:0329 B:0382 L:0011

APU

WBRYM0329B0382L0011

Description

This exceptional 3,100 square foot commercial space is available for lease in Waterbury, Connecticut, at 1015 Meriden Rd, zip code 06705. The property is situated within a bustling strip mall, offering high visibility and convenient customer parking. Its location ensures excellent foot traffic, further enhanced by its proximity to a successful Italian restaurant. The space is ideally suited for a variety of uses, including but not limited to a deli, bakery, yoga studio, or dance studio. The building's classification encompasses retail, office, and restaurant uses, making it a versatile option for a range of businesses. This single-tenant space presents a significant opportunity for entrepreneurs seeking to establish or expand their operations in a thriving commercial environment. The property's high visibility and convenient access make it an attractive location for attracting customers. The surrounding businesses contribute to a vibrant and active commercial area, creating a strong potential for success. This is a prime opportunity to secure a well-located commercial space in a high-traffic area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,721,991

  6.5%

  $2,512,607

  7%

  $2,333,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,687,748

  Geo Method

  $3,687,748

• Alternative Use

  Use

  Valuation

  Residential

  $2,119,478

  Hospitality

  $1,941,430

  Educational

  $1,615,247

  Medical

  $1,670,798

  Retail

  $2,512,607

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5524

Longitude

-72.9866

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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