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Waterbury Commercial Investment Opportunity

510 Meriden Road, Waterbury, CT 06705

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For Sale

$1,999,900

Prime commercial property with income-generating potential in Waterbury, CT.

Type:Commercial

Property size:

18,618 SF

Lot size:

2.95 Acres

Price / SF:

$107/SF

HighLights

Immediate income generation from five fully rented buildings.
Prime corner parcel location on State Route 844 with high visibility and excellent traffic flow.
Large 2.95‑acre lot with ample room for growth or future development.
CG (Commercial General) zoning allows for a wide range of commercial uses.
Four buildings with five tenants provide a stable income stream.
Convenient access on Woodland Avenue.

We can help!

Listing Contact

SHELLY MEISTER ZAMUDIO

For Sale

$1,999,900

Prime commercial property with income-generating potential in Waterbury, CT.

Type:Commercial

Property size:

18,618 SF

Lot size:

2.95 Acres

Price / SF:

$107/SF

Added:: Mar 21, 2025
Days on Market:: 456
Last Refresh:: Apr 5 at 8:28 pm

Property Features for 510 Meriden Road

General Information

Standard status: Active
Size: 18,618 SF
Lot size: 2.95 Acres
Property subtype: Commercial

Building Details

Year Built: 1961

We can help!

Listing Contact

SHELLY MEISTER ZAMUDIO

Listing agent SHELLY MEISTER ZAMUDIO

Listing office Realty 3 CT

Listing date Mar 21, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty 3 CT

HighLights

Immediate income generation from five fully rented buildings.
Prime corner parcel location on State Route 844 with high visibility and excellent traffic flow.
Large 2.95‑acre lot with ample room for growth or future development.
CG (Commercial General) zoning allows for a wide range of commercial uses.
Four buildings with five tenants provide a stable income stream.
Convenient access on Woodland Avenue.

Overview

Located on Meriden Road in Waterbury, CT, this commercial property offers an investment opportunity. The site spans 2.95 acres and includes five fully rented buildings, providing immediate income. The property is situated on a corner parcel with high visibility and traffic flow, accessible via Woodland Avenue and State Route 844. The zoning is CG (Commercial General), suitable for various commercial uses. The property includes four buildings with five tenants and has a total size of 18618 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$245.8k	$13.20
− Vacancy	−$20.9k	−$1.12
EGI	$224.9k	$12.08
− OpEx	−$67.5k	−$3.62
NOI	$157.4k	$8.45

18,618 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,408 @ 7.0% cap · market cap 7.87%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.94M

$4.32M – $5.76M (±1% cap)

NOI $345,848 @ 7.0% cap · market cap 17.29%

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

Property Profile Location Intelligence

Current Use by Public Records

East Coast Customs Electronics & Wireless Store Auto Tech Auto Repair Shop D&M Auto Sales ... Car Dealership Cals Customs Auto Repair Shop

Suggested Use

Similar Places Nearby

East Gate Plaza — 96 Store Ave, Waterbury, CT 06705
Waterbury Plaza Shopping Center — Waterbury, CT 06704

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0016
Latitude: 41.5517

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For sale
Shopping centers
CT
Waterbury
06705
510 Meriden Road

What type of property is this?

Shopping center - Prime commercial property with income-generating potential in Waterbury, CT.

Where is this shopping center located?

The property is located at 510 Meriden Road Waterbury, CT.

What is the asking price?

The asking price for this property is $1,999,900.

What are key features of this property?

This property features: Immediate income generation from five fully rented buildings.; Prime corner parcel location on State Route 844 with high visibility and excellent traffic flow.; Large 2.95‑acre lot with ample room for growth or future development.