955 Wolcott RdWolcott, CT 06716

Property Details for 955 Wolcott Rd

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.64 AC

Property size (Sq ft)

15,282 SF

Zone code

GC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WOLC M:113 B:1 L:101

APU

WOLCM113B1L101

Description

This exceptional 16,199 square foot warehouse, situated on a substantial 2.64-acre lot in Wolcott, Connecticut, presents a compelling investment opportunity. Built in 1962, the single-story structure boasts a 12-foot ceiling height and ample parking for 90 vehicles. The property is zoned GC, offering considerable flexibility for redevelopment or continued use as a warehouse. The building features a clear span design, maximizing usable space and operational efficiency. Electrical service is robust, with 800 amps, 240 volts, and 3-phase power available. The strategic location on Wolcott Road ensures high visibility and accessibility, with an estimated daily vehicle count exceeding 10,500. This presents a unique chance to acquire a well-located industrial property with significant potential for future growth and return on investment. The property's size and zoning provide a solid foundation for a variety of commercial or industrial uses. The ample parking and high traffic count make it an attractive option for businesses requiring significant vehicle access. This is a rare opportunity to own a substantial industrial property in a desirable Connecticut location. The asking price is $1,300,000. The property's address is 955 Wolcott Road, Wolcott, CT 06716, located in New Haven County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,714,060

  6.5%

  $3,428,362

  7%

  $3,183,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,031,800

  Geo Method

  $5,031,800

• Alternative Use

  Use

  Valuation

  Residential

  $2,891,952

  Hospitality

  $2,649,012

  Educational

  $2,203,948

  Medical

  $2,279,744

  Retail

  $3,428,362

Location Insight

City

Wolcott

County

New Haven

State

Connecticut

Latitude

41.6116

Longitude

-72.9828

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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