Press/Cuozzo named exclusive sales agent for 4,350 s/f retail site
According to Press/Cuozzo Commercial Services, Stephen Press, SIOR, principal of Press/Cuozzo Realtors, has been appointed exclusive sales agent for a former auto dealership property located on high traffic Rte. 5 near the Meriden/Wallingford town line.
Fully renovated in 2004, 171 South Broad St. is comprised of a 4,350 s/f retail/auto facility on 2.28 acres in a C-3 zone. This prime retail location provides ample parking, great visibility and offers an opportunity for expansion and development.
Potential uses for the site include: restaurant, catering, hotel/motel, retail, bank, medical and professional offices, automotive, sales and service.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.