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    1833 Main St Waterbury, CT 06705

    For Sale
    $450,000

    High-return automotive garage, triple-net lease.

    Property size:
    3,228 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a well-maintained 3,228 square foot automotive service garage situated on a 0.34-acre lot at 1833 E Main Street in Waterbury, Connecticut. The property enjoys a prime location in a highly desirable area of Waterbury, ensuring strong tenant demand and consistent rental income. The building features four convenient drive-in doors, making it ideal for efficient vehicle access and service operations. Currently, the property is under a triple-net lease, generating a monthly rental income of $3,500. The lease includes built-in rent increases over its term and a favorable 5-year option, providing long-term financial stability and predictable cash flow for the investor. This is a turnkey investment, requiring minimal management oversight. The property's excellent condition and strategic location make it an attractive proposition for discerning investors seeking a stable, high-yield commercial asset in a thriving Connecticut market. The asking price of $450,000 represents a compelling value for this established and income-producing property. Don't miss this chance to acquire a proven, profitable commercial investment in a prime Waterbury location.

    Property Features for 1833 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,228 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ray's Hill St. ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.01155
    Latitude
    41.54513

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    FAQs

    What type of property is this?
    Commercial real estate - High-return automotive garage, triple-net lease.
    Where is this commercial real estate located?
    The property is located at 1833 Main St Waterbury, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    (203) 525-5134
    Request Owner's contact information
    1833 Main St Waterbury, CT 06705
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    Waterbury, CT 06705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1833 Main St Waterbury, CT 06705
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