850 Hartford TpkeWaterford, CT 06385

Property Details for 850 Hartford Tpke

Year built

2004

Construction

FRAME

Property size (Sq ft)

7,211 SF

Zone code

C-R

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WFRD M:92 L:3248

APU

WFRDM92L3248

Description

Crystal Mall, a two-story, 510,106 square foot Class B retail and office center, offers diverse spaces for lease in Waterford, Connecticut. Located at 850 Hartford Turnpike, 06385, this property boasts 137 suites ranging from a minimum of 488 square feet to a maximum contiguous space of 20,209 square feet. Built in 1984 and renovated in 2012, the building features elevators and is situated on a 32.39-acre lot. Its strategic location near the I-95 and I-395 interchange in a major southeastern Connecticut retail hub provides excellent visibility and accessibility. The property is zoned C-R and benefits from proximity to major retailers such as Home Depot, Target, and Petco, as well as established mall tenants including Buffalo Wild Wings, Victoria's Secret, and others. Crystal Mall's location offers easy access to downtown New London and popular attractions like Foxwoods and Mohegan Sun casinos. The area also features several colleges, including Connecticut College and the United States Coast Guard Academy, creating a vibrant and diverse community. This versatile property is ideal for a variety of businesses, including traditional, executive, medical, and creative office spaces, as well as retail and entertainment uses. The property's size and layout offer flexibility for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,752,525

  6.5%

  $1,617,715

  7%

  $1,502,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,374,317

  Geo Method

  $2,374,317

• Alternative Use

  Use

  Valuation

  Residential

  $1,364,603

  Hospitality

  $1,249,969

  Educational

  $1,039,960

  Medical

  $1,075,726

  Retail

  $1,617,715

Location Insight

City

Waterford

County

New London

State

Connecticut

Latitude

41.3737

Longitude

-72.1418

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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