A local development company purchased the retail property at 1086 N Colony Rd. in Wallingford, CT from a private investor for $1.25 million, or about $251 per square foot.
The property delivered in 1978 and totals 4,976 square feet. It was the former home of Neptune restaurant, a staple in the Wallingford community for 32 years. The developer has yet to reveal its plans for the future of the property.
Andrew Grocki of SullivanHayes Companies NE LLC represented the seller.
Please see CoStar COMPS #2756434 for more information on this transaction.