34 Waterbury RdProspect, CT 06712

Property Details for 34 Waterbury Rd

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.83 AC

Property size (Sq ft)

6,600 SF

Zone code

B

Property type

Retail properties

Property subtype

Retail space

APN

PROS M:110 B:160 L:34

APU

PROSM110B160L34

Description

This exceptional commercial property, located at 34 Waterbury Road, Unit 5, presents a unique leasing opportunity. The single-story building, totaling 6,600 square feet, offers a blend of retail and office space, currently configured for multiple tenants. Built in 1954 and extensively renovated in 2008, the property boasts a modern feel while retaining its character. A significant portion of the building, 2,400 square feet, is currently vacant and ready for immediate occupancy. The property sits on a sizable 0.83-acre lot, providing ample space and potential for future expansion or outdoor amenities. The building's zoning, designated B/Retail Store, allows for a variety of commercial uses, making it an ideal location for a diverse range of businesses. Located in New Haven County, this property benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking a well-maintained and conveniently located office space. The available 2,400 square feet offers a blank canvas for customization, allowing tenants to design their ideal workspace. This is a rare opportunity to secure a well-positioned commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,604,030

  6.5%

  $1,480,644

  7%

  $1,374,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,173,137

  Geo Method

  $2,173,137

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,978

  Hospitality

  $1,144,057

  Educational

  $951,842

  Medical

  $984,578

  Retail

  $1,480,644

Location Insight

City

Prospect

County

New Haven

State

Connecticut

Latitude

41.5085

Longitude

-72.981

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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