Listed by Advise Realty Services
$3,880,000
846-850 South Colony Road
Details
Property Type Retail, Mixed Use
Sub Type Mixed-Use Commercial Investment, Retail Strip Center
Square Footage 14,462
Units 7
Cap Rate 6.34%
NOI $246,000
Tenancy Multi
Price per SqFt $268
Broker Co-Op False
Class B
Year Built 1991
Buildings 6
Acreage 2.040
Zoning CB-40 Commercial
Investment Type Owner/User
Ground Lease No
Ceiling Height 15
Sale Condition N/A
Strategic Commercial Asset on High-Exposure Retail Corridor
Marketing description
A rare opportunity to acquire one of Wallingford's most unique commercial investment opportunities. Situated on approximately 2.04 acres with approximately 390 feet of frontage along South Colony Road, this multi-building commercial campus combines retail, automotive sales, automotive service, flex space, and residential income into a diversified investment.
One of the property's most valuable attributes is its existing Connecticut Used Car Dealer License, providing immediate value for automotive operators while creating an opportunity that is increasingly difficult to find.
Located within Wallingford's CB-40 Commercial District, the property offers exceptional flexibility for investors, owner-users, and future redevelopment opportunities.
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.
Investment highlights
- Existing Connecticut Used Car Dealer License
- Automotive Sales & Service Campus
- 2.04 Acres (88,862 SF)
- Approximately 14,462 SF Across Four Buildings
- Approximately 390± Feet of Frontage on South Colony Road (Route 5)
- Approximately 20,000± Vehicles Per Day
- CB-40 Commercial Zoning
- Retail Strip Center
- Automotive Repair Facility
- Automotive Sales Office
- Detached Residential Rental
- Current Gross Income: Approximately $258,000 Annually
- Phase I Environmental Assessment Completed
- Ample Paved Parking
- Multiple Income Streams
- Investment, Owner-User & Redevelopment Potential
- Retail Strip Center
- Approximately 6,500 SF
- Commercial Building
- Approximately 1,932 SF
- Automotive Service Facility
- Approximately 4,820 SF
- Detached Residential Home
- Approximately 1,210 SF
Listing Contacts
Listed by Advise Realty Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$246,000.00
$20,500.00/mo
Valuation Metrics
0
DSCR
6.34%
Cap Rate
6.34%
ROI
Map
Zoning
CB-40 CommercialSpecial CommercialCommercial District
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View all 65 uses
View all 65 uses Last updated Jul 2, 2026 For deeper zoning details, reports are available at Zoneomics
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