1015 Meriden RdWaterbury, CT 06705
- Retail properties
- 11,200 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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