Turnkey Mixed-Use Building with
140 Grand Street Waterbury, CT 06702
140 Grand Street, Waterbury, CT, 06702
$1,395,000
For Sale
$1,395,000
Mixed-use property with nine apartments and one storefront; fully renovated and zero current vacancy.
Property Size6,596 SF
Price / SF$211.49
Days on Market29
Property Features for 140 Grand Street
General Information
- Standard status
- Active
- Size
- 6,596 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Vanguard Private Client Grp
(860) 882-8784
Listed by
Natalie Zoef · License #452508574
(860) 882-8784
Source
Iverty
Added: Jun 24 Updated: Jul 21 at 8:06AM Checked: Jul 21 at 8:06AM
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 Vanguard Private Client Grp
Investment Insights
Based on property information with market context.
140 Grand Street is a fully renovated, turnkey mixed-use building with nine residential apartments and one commercial storefront. The residential units have been extensively renovated with updated interiors and modern finishes, including mini-splits, and the property is presented in ready-to-rent condition. The building is described as well maintained throughout.
The property is located in Waterbury, with the commercial storefront providing an additional income component alongside the residential units. The offering is presented as zero current vacancy with established tenancy in place, and the reported current gross annual income is approximately $171,000.
The seller also cites strong investment fundamentals, including an approximate 8.5 cap, along with a favorable operating expense ratio and low maintenance requirements.
The property is located in Waterbury, with the commercial storefront providing an additional income component alongside the residential units. The offering is presented as zero current vacancy with established tenancy in place, and the reported current gross annual income is approximately $171,000.
The seller also cites strong investment fundamentals, including an approximate 8.5 cap, along with a favorable operating expense ratio and low maintenance requirements.
Key Highlights
- Mixed‑use building with 9 residential apartments and 1 commercial storefront
- Fully renovated interiors throughout the residential units, with mini‑splits included
- Zero current vacancy with established tenancy for residential and commercial space
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.5k | $21.60 |
| − Vacancy | −$14.2k | −$2.16 |
| EGI | $128.2k | $19.44 |
| − OpEx | −$48.1k | −$7.29 |
| NOI | $80.1k | $12.15 |
6,596 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.14M
$1.00M – $1.34M
NOI $80,141 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$956.4K
$836.8K – $1.12M
NOI $66,946 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,527 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with nine apartments and one storefront; fully renovated and zero current vacancy.
Where is this mixed-use property located?
The property is located at 140 Grand Street Waterbury, CT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Mixed‑use building with 9 residential apartments and 1 commercial storefront; Fully renovated interiors throughout the residential units, with mini‑splits included; Zero current vacancy with established tenancy for residential and commercial space
