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Mixed-Use Redevelopment Building
For Lease
$825,000

158 Grand St, Waterbury, CT 06702

Existing mixed-use redevelopment structure with approved plans for ground-floor commercial space and 10 apartments above.

Space SizeContact for details
Days on Market74

Property Features for 158 Grand St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $8,580
Listing Agency: Vanguard Private Client Grp
Listed By: Natalie Zoef · License #RES.0817776
Source: Exprealty
Added: Jun 24 Changed: Aug 21 Last Checked: Sep 5 at 2:01PM

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.

The property is offered for rent in as-is condition and includes approved architectural plans, MEPs, and a civil survey for a mixed-use redevelopment. The approved concept calls for commercial space on the ground floor with 10 residential apartments above, consisting of 2 studios, 7 one-bedroom units, and 1 two-bedroom unit.

The offering centers on the entitlement work already completed, positioning the project to move forward toward construction with the next owner’s team and vision.

Plans are already in place for the unit mix and overall mixed-use layout, with the property being sold as-is.

Key Highlights

  • Approved mixed‑use redevelopment: ground‑floor commercial with 10 residential apartments above
  • Approved unit mix includes 2 studios, 7 one‑bedroom units, and 1 two‑bedroom unit
  • Property includes approved architectural plans, MEPs, and a civil survey

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Travel Agency Locksmith Veterinary Clinic Pet Grooming Service

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Existing mixed-use redevelopment structure with approved plans for ground-floor commercial space and 10 apartments above.
Where is this mixed-use property located?
The property is located at 158 Grand St Waterbury, CT.
What is the lease rate?
The lease rate is $825,000.
What are key features of this property?
This property features: Approved mixed‑use redevelopment: ground‑floor commercial with 10 residential apartments above; Approved unit mix includes 2 studios, 7 one‑bedroom units, and 1 two‑bedroom unit; Property includes approved architectural plans, MEPs, and a civil survey
More about this property
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