1012 Wolcott StWaterbury, CT 06705

Property Details for 1012 Wolcott St

Year built

1985

Lot size

0.94 AC

Property size (Sq ft)

6,665 SF

Zone code

CA

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WBRY M:0204 B:0450 L:0003

APU

WBRYM0204B0450L0003

Description

This exceptional 6,665-square-foot retail property is ideally situated in the heart of Waterbury's main retail corridor on Wolcott Street. Boasting excellent street frontage and high visibility, this single-tenant space offers significant potential for a variety of retail businesses. The property features seven garage bay doors, providing ample access and flexibility for loading and unloading, or alternatively, it could function as a pad site. Its strategic location provides convenient access to major thoroughfares, including I-84 and Route 8, ensuring high traffic volume and excellent accessibility for customers. The area is experiencing significant revitalization, with recent additions of prominent national retailers such as TJ Maxx, PetSmart, and Stop & Shop, further enhancing the property's desirability and potential for success. Wolcott Street boasts impressive traffic counts, averaging 20,641 vehicles per day, guaranteeing substantial exposure for any business occupying this space. The property includes pylon signage opportunities for enhanced brand visibility. This is a rare opportunity to secure a prime retail location in a thriving commercial area. The property is located in New Haven County, Connecticut, with a Waterbury, CT 06705 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $1,619,828

  6.5%

  $1,495,226

  7%

  $1,388,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,194,539

  Geo Method

  $2,194,539

• Alternative Use

  Use

  Valuation

  Residential

  $1,261,279

  Hospitality

  $1,155,324

  Educational

  $961,216

  Medical

  $994,274

  Retail

  $1,495,226

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5683

Longitude

-73.0059

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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