458 Wolcott RdWolcott, CT 06716

  • Mixed-use properties
  • 2.11 AC
For Lease
$15/SF/YR View listing

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
458 Wolcott Rd, Wolcott, Connecticut

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

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
2024
$36,347
$198,990
$900,100
$1,099,090
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-
-
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