152 Waterbury RdProspect, CT 06712

  • Commercial real estate
  • 0.39 AC
For Sale
$875,000 View listing

Property Details for 152 Waterbury Rd

Lot size
0.39 AC
Zone code
B
Property type
Commercial real estate
APN
PROS M:104 B:160 L:152
APU
PROSM104B160L152

Description

This exceptional investment opportunity presents two commercial buildings totaling 6,596 square feet situated on a 1.26-acre lot in Prospect, Connecticut. Located at 152-156 Waterbury Rd, 06712, this property boasts a prominent position with high visibility and traffic flow. The buildings, constructed between 1953 and 1955, are currently configured as a gas station, classified as Class D. The asking price is $875,000, translating to $132.66 per square foot. The property is zoned B, allowing for a multitude of potential uses beyond its current configuration. This presents a unique chance for investors to capitalize on a well-established location with significant upside potential. The substantial lot size offers ample space for expansion or redevelopment, catering to a variety of business ventures. This turnkey operation is ready for a new owner to take advantage of its established presence and strong location. Serious inquiries are encouraged to explore the full potential of this valuable asset.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,214,794
    Hospitality
    $2,944,734
    Educational
    $2,449,984
    Medical
    $2,534,243
    Retail
    $3,811,086

Location Insight

City
Prospect
County
New Haven
State
Connecticut
Latitude
41.5244
Longitude
-72.9948
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
$6,050
$74,760
$114,790
$189,550
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