Neighborhood Market with Deli
153 Highland Avenue Waterbury, CT 06708
153 Highland Avenue, Waterbury, CT, 06708
$125,000
For Sale
$125,000
For-sale neighborhood market with full kitchen equipment and included inventory, plus zoning approval for 24-hour operations.
Property Size1,352 SF
Price / SF$92.46
Days on Market73
Property Features for 153 Highland Avenue
General Information
- Standard status
- Active
- Size
- 1,352 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
Full Service Realty LLC
(203) 527-4888
Listed by
ALEXANDER MARTIN
Source
Corcoran
Added: May 12 Updated: Jul 22 at 8:50AM Checked: Jul 22 at 8:50AM
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 Full Service Realty LLC
Investment Insights
Based on property information with market context.
This for-sale neighborhood market is equipped with full kitchen equipment, and the sale includes inventory. The operation includes deli services and defined store hours that are currently described as underutilized, with a strong customer base and foot traffic based on the current owner’s 24 years in business.
The property is positioned next to a highway entrance/exit on a very busy road, with a city bus stop nearby, and it serves a highly residential area. The zoning allows for a 24-hour business.
The listing also notes the site is approximately one mile from any gas station.
The property is positioned next to a highway entrance/exit on a very busy road, with a city bus stop nearby, and it serves a highly residential area. The zoning allows for a 24-hour business.
The listing also notes the site is approximately one mile from any gas station.
Key Highlights
- Neighborhood market built in 1920
- Full kitchen equipment included, with inventory included in the sale
- Zoning allows for 24‑hour business operations
Local Financial Insights For Retail
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 | $17.8k | $13.20 |
| − Vacancy | −$1.5k | −$1.12 |
| EGI | $16.3k | $12.08 |
| − OpEx | −$4.9k | −$3.62 |
| NOI | $11.4k | $8.45 |
1,352 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$185.9K
$162.7K – $216.9K
NOI $13,014 @ 7.0% cap · market cap 10.41%
Second Best
Retail
$163.3K
$142.9K – $190.5K
NOI $11,431 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sam's Deli
Grocery & Convenience Store
ATM (TD Bank)
Atm
Western Union
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Cherry Valley Marketplace — 155 Thomaston Ave, Waterbury, CT 06702
FAQs
What type of property is this?
Grocery and convenience store - For-sale neighborhood market with full kitchen equipment and included inventory, plus zoning approval for 24-hour operations.
Where is this grocery and convenience store located?
The property is located at 153 Highland Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Neighborhood market built in 1920; Full kitchen equipment included, with inventory included in the sale; Zoning allows for 24‑hour business operations
