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846-860 S Colony Rd 14,462 SF 100% Leased Retail Building Wallingford, CT 06492 $3,880,000 ($268.29/SF) 6.65% Cap Rate



Investment Highlights
- Existing Connecticut Used Car Dealer License
- Approximately 14,462 SF Across Four Buildings
- Automotive Sales & Service Campus
- Approximately 390± Feet of Frontage on South Colony Road (Route 5)
Executive Summary
A rare opportunity to acquire a multi-building commercial campus along one of Wallingford's busiest commercial corridors. Situated on approximately 2.04 acres with nearly 390 feet of frontage on South Colony Road, this unique property combines retail, automotive sales, automotive service, flex space, and residential income into one diversified investment.
The property currently generates approximately $258,000 in annual gross income while offering additional upside through its flexible layout and multiple commercial uses. A standout feature is the existing Connecticut Used Car Dealer License, making this an exceptional opportunity for automotive operators seeking an established location or investors looking for a distinctive commercial asset.
Located within Wallingford's CB-40 Commercial District, the property benefits from excellent visibility, approximately 20,000± vehicles per day, ample paved parking, and a mix of established commercial uses that create long-term flexibility for investors, owner-users, and future redevelopment.
The property currently generates approximately $258,000 in annual gross income while offering additional upside through its flexible layout and multiple commercial uses. A standout feature is the existing Connecticut Used Car Dealer License, making this an exceptional opportunity for automotive operators seeking an established location or investors looking for a distinctive commercial asset.
Located within Wallingford's CB-40 Commercial District, the property benefits from excellent visibility, approximately 20,000± vehicles per day, ample paved parking, and a mix of established commercial uses that create long-term flexibility for investors, owner-users, and future redevelopment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
14,462 SF
Building Class
C
Year Built
2007
Price
$3,880,000
Price Per SF
$268.29
Cap Rate
6.65%
NOI
$258,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.00 AC
Zoning
CB40 - CB-40 Commercial Zoning supporting diverse commercial uses, ideal for retail, automotive, office, service and investment potential.
Parking
25 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
168’ on Colony Rd
Amenities
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Royals Nail and Spa
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Taqueria Mexico
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Tattoo Parlor
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Royals Nail and Spa | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Taqueria Mexico | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Tattoo Parlor | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WALL-000175-000000-000015 | Improvements Assessment | $601,700 |
| Land Assessment | $223,200 | Total Assessment | $824,900 |
Property Taxes
Parcel Number
WALL-000175-000000-000015
Land Assessment
$223,200
Improvements Assessment
$601,700
Total Assessment
$824,900
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846-860 S Colony Rd
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