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

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%

  $681,005

  6.5%

  $628,620

  7%

  $583,719

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,191

  Geo Method

  $489,191

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,225,870

  Mixed-Use / Specialty

  $626,379

  Hospitality / Lodging

  $459,554

  Office

  $622,658

  Institutional / Educational

  $651,182

  Residential Income

  $761,882

  Multifamily

  $913,761

  Automotive / Energy

  $558,156

  Parking / Income-Based Land

  $192,613

  Restaurant / Food Service

  $325,785

  Healthcare / Senior Housing

  $642,340

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].