509 Wolcott RdWolcott, CT 06716

Property Details for 509 Wolcott Rd

Year built

1969

Construction

FRAME

Lot size

0.38 AC

Property size (Sq ft)

1,920 SF

Zone code

GC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WOLC M:114 B:2 L:130

APU

WOLCM114B2L130

Description

This 3,260 square foot medical office building in Wolcott, Connecticut, offers three available suites ideal for medical or professional practices. Located at 509 Wolcott Road, 06716, this property boasts excellent visibility from its corner location. The building sits on a 0.38-acre lot and features ample parking with 25 spaces. Two upper-level suites, each approximately 1,000 square feet, are available for $1,250 per month. Each includes a waiting room, reception area, four exam rooms, a doctor's office, lab space, and a restroom. A lower-level suite of approximately 1,260 square feet is also available for $1,050 per month. This suite offers a waiting room, reception area, five private offices, a restroom, and a large open area. All suites benefit from 8-foot ceilings. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 1,260 square feet. The property is zoned commercial. This is a fantastic opportunity for medical professionals seeking well-appointed, conveniently located office space. The entire building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $466,627

  6.5%

  $430,733

  7%

  $399,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,185

  Geo Method

  $632,185

• Alternative Use

  Use

  Valuation

  Residential

  $363,339

  Hospitality

  $332,817

  Educational

  $276,900

  Medical

  $286,423

  Retail

  $430,733

Location Insight

City

Wolcott

County

New Haven

State

Connecticut

Latitude

41.5934

Longitude

-72.9889

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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