458 Wolcott RdWolcott, CT 06716
- Mixed-use properties
- 2.11 AC
Property Details for 458 Wolcott Rd
- Lot size
- 2.11 AC
- Zone code
- GC
- Property type
- Mixed-use properties
- Property subtype
- Other industrial 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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