24 Meriden RdWaterbury, CT 06705

Property Details for 24 Meriden Rd

Year built

1970

Lot size

0.32 AC

Property size (Sq ft)

3,600 SF

Zone code

CA

Property type

Retail properties

Property subtype

Parking lots & garages

APN

WBRY M:0348 B:0102 L:0371

APU

WBRYM0348B0102L0371

Description

This 3,600 square foot free-standing building is located at 24 Meriden Road in Waterbury, Connecticut, on Route 69, boasting a daily traffic count of 22,900 vehicles. The property sits on a 0.36-acre lot and is zoned CA (Commercial). Ideal for fast food or auto service businesses, this single-tenant building offers 3 overhead doors, a 10-foot ceiling height, and is constructed of block and steel. The interior measures approximately 80' x 45' and features partial air conditioning and gas heat. Utilities include 200-amp 3-phase electric service, Eversource gas, city water, and city sewer. Built in 1988, the building is available for lease at $18.00 per square foot, plus net expenses. The property's convenient location offers proximity to Interstate 84 (less than one mile) and Route 8 (one mile). Ample parking is available. The building can be subdivided to accommodate various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $874,926

  6.5%

  $807,624

  7%

  $749,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,185,348

  Geo Method

  $1,185,348

• Alternative Use

  Use

  Valuation

  Residential

  $681,261

  Hospitality

  $624,031

  Educational

  $519,187

  Medical

  $537,042

  Retail

  $807,624

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5471

Longitude

-73.0167

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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