458 Wolcott RdWolcott, CT 06716

Property Details for 458 Wolcott Rd

Lot size

2.11 AC

Zone code

GC

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

WOLC M:108A B:5 L:308

APU

WOLCM108AB5L308

Description

This 1,000 square foot, newly renovated office space is available for lease in Wolcott, Connecticut. Located on the second floor of a two-story, 1,908 square foot building constructed in 1961, this versatile space offers a variety of possibilities for businesses seeking a modern and functional workspace. The suite boasts brand new flooring, lighting, and paint, along with central air conditioning, private offices, ample storage, and a newly installed half bathroom. Its adaptable layout can accommodate a range of business types. The building is situated in a high-traffic retail area, benefiting from a large parking lot with over 100 spaces and prominent signage visible to thousands of vehicles daily. The location offers excellent visibility and accessibility. A ground floor salon and a nearby medical office building provide complementary businesses in the immediate vicinity. The property is zoned commercial and is suitable for creative, traditional, or executive office uses. This is a rare opportunity to secure a well-appointed, conveniently located office space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $18,842,790

  6.5%

  $17,393,346

  7%

  $16,150,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,614,294

  Geo Method

  $18,614,294

• Alternative Use

  Use

  Valuation

  Residential

  $17,393,346

  Hospitality

  $15,932,211

  Educational

  $13,255,412

  Medical

  $13,711,286

  Retail

  $20,619,530

Location Insight

City

Wolcott

County

New Haven

State

Connecticut

Latitude

41.5909

Longitude

-72.9892

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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