Investment Overview

Marcus & Millichap is excited to present the opportunity to acquire 214 Amity Road, a well-established mixed-use retail and office center in Woodbridge, Connecticut. Built in 1981, this property boasts a strong history of long-term tenants, making it a stable investment choice. Strategically located on Amity Road, the main commuter route for residents traveling from Woodbridge, Bethany, and Seymour into New Haven, the property benefits from daily traffic exceeding 16,000 vehicles. The surrounding area features a variety of retailers, including Stop & Shop, Dunkin’, Walgreens, and numerous casual dining options, creating a vibrant commercial environment. Additionally, the property is situated near a significant number of single-family and multi-family residential units within a one-mile radius, enhancing potential foot traffic and customer base. Its excellent accessibility is further complemented by being less than a mile from Route 15/Merritt Parkway. Meticulously maintained, 214 Amity Road has seen recent capital improvements, including new asphalt in the parking lot and three new HVAC units. Private level surface parking is available on-site, providing convenience for tenants and visitors alike. Woodbridge is an attractive community known for its highly educated population and top-rated school system, making it an ideal location for families and businesses. The proximity to Yale University adds to the area's appeal. This property presents a lucrative investment opportunity with stable, long-term tenants and significant potential for value enhancement through lease upgrades to triple-net and rent escalations to align with market rates. As such, 214 Amity Road is not only a solid investment but also offers opportunities for further income generation, making it an attractive option for investors looking to expand their portfolio.