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Renovated Mixed-Use Property
For Lease
$1,300,000

140 Grand St, Waterbury, CT 06702

Renovated residential units and a commercial storefront combine in a fully occupied downtown building.

Space SizeContact for details
Days on Market68

Property Features for 140 Grand St

General Information

Standard status Active
Occupancy 100%

Taxes and HOA fees

Annual Taxes $12,094

Building Details

Tenancy Multi
Listing Agency: Vanguard Private Client Grp
Listed By: Natalie Zoef · License #RES.0817776
Source: Exprealty
Added: Jun 24 Changed: Aug 29 Last Checked: Aug 29 at 11:07PM

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.

This mixed-use building at 140 Grand St includes nine residential apartments and one commercial storefront. The apartment interiors have been renovated with updated finishes and mini-split systems, while the property is currently fully occupied. The commercial component adds a separate storefront use alongside the residential units.

Located in Downtown Waterbury, the building sits within an established mixed-use corridor. The property is well maintained and reported at an 8.5 cap rate, with current tenancy across both residential and commercial spaces.

Key Highlights

  • Nine residential apartments and one commercial storefront
  • Renovated apartment interiors with updated finishes
  • Mini‑split systems installed in the residential units

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Skin Care Clinic Florist Travel Agency Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,613
Businesses Nearby

Demographics for 06702, CT

3,882
Population
1,910
Households
2
Avg Household Size
45
Median Age
8%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
5,546
Density / Sq Mi
$16,198
Median Household Income
$15,833
Median Earnings
$720
Median Rent

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated residential units and a commercial storefront combine in a fully occupied downtown building.
Where is this mixed-use property located?
The property is located at 140 Grand St Waterbury, CT.
What is the lease rate?
The lease rate is $1,300,000.
What are key features of this property?
This property features: Nine residential apartments and one commercial storefront; Renovated apartment interiors with updated finishes; Mini‑split systems installed in the residential units
More about this property
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