1015 Meriden RdWaterbury, CT 06705

  • Retail properties
  • 11,200 SF
For Lease
$12.36/SF/YR View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1015 Meriden Rd, Waterbury, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,487
$161,560
$456,400
$617,960
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-
-
-

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