News

Wallingford, Connecticut - O,R&L Commercial is pleased to announce the successful Sale of a prominent mixed-use investment property located at 33-39 North Main Street and 24-25 Wallace Ave in the heart of downtown Wallingford’s town center. 33 North Main Street, a 29,879 SF 4-story stately mixed-use building built in 1863, features a dynamic blend of street-level retail / commercial space occupied by a variety of local businesses including Archie Moore’s Restaurant, Shimmer Salon, and Craig Jewelers overlooking Wallingford’s “Main Street” with 19 residential apartments in the upper floors. Included with the sale is 24-25 Wallace Ave, a 2,440 SF retail restaurant building tenanted by Center Street Brewing Company, located in the rear of the property adjacent to a large parking lot and 2 municipal lots. The asset represents one of Wallingford’s most tightly held investment opportunities, unique in scale and character, that rarely becomes for Sale having been under the same family ownership for 50+ years!

Will Braun, SIOR, CCIM and Frank Hird, SIOR of O,R&L Commercial in Branford represented the Seller, Wallace Realty, Inc. and Bridie Bradbury of Calcagni Real Estate in Wallingford represented the buyer, Oak Tree Management, LLC in the purchase. Attorney Paul Proto was a critical component of the Sellers’ team and Attorney Ray Bershtein represented the buyer. The property transferred for $3,800,000, an indication of the continued strength of the downtown Wallingford market driven by strong walkability, a thriving local business community and ongoing demand for mixed-use investment properties that combine stable commercial tenancy and residential income.

O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.

O,R&L Integrated Services is a full-service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For additional information on this sale or other transactions you may contact O,R&L Commercial at 203-488-1555 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.