Automotive Garage on East Main

1833 E Main St, Waterbury, CT 06705

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For Sale

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Automotive service garage in Waterbury, currently leased.

Type:Retail

Property size:

3,228 SF

Price / SF:

$139/SF

HighLights

Prime location on East Main Street in a desirable area of Waterbury.
Currently leased at $3,500 per month with rent bumps and a 5‑year option.
Triple net lease in place.
Automotive service garage in perfect condition.
3,228 sq ft of space.
Four drive‑in doors.

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Listing Contact

Don Orsini

For Sale

Contact for pricing

Automotive service garage in Waterbury, currently leased.

Type:Retail

Property size:

3,228 SF

Price / SF:

$139/SF

Added:: Jun 13, 2024
Days on Market:: 733
Last Refresh:: May 12 at 10:05 pm

Property Features for 1833 E Main St

General Information

Standard status: Active
Size: 3,228 SF
Property subtype: Retail

Building Details

Year Built: 1963

We can help!

Listing Contact

Don Orsini

Listing agent Don Orsini License #CTREB.0795103

Listing office Don Orsini Realty, LLC

Listing date Jun 13, 2024

Source Crexi

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 Don Orsini Realty, LLC

HighLights

Prime location on East Main Street in a desirable area of Waterbury.
Currently leased at $3,500 per month with rent bumps and a 5‑year option.
Triple net lease in place.
Automotive service garage in perfect condition.
3,228 sq ft of space.
Four drive‑in doors.

Overview

This 3,228 square foot automotive service garage is located on East Main Street in Waterbury. The property features 4 drive-in doors and is currently leased at $3,500 per month under a triple net lease agreement, with rent increases and a 5-year option. The property is described as being in perfect condition and situated in a desirable area, presenting a potential investment opportunity.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.6k	$13.20
− Vacancy	−$3.6k	−$1.12
EGI	$39.0k	$12.08
− OpEx	−$11.7k	−$3.62
NOI	$27.3k	$8.45

3,228 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$389.9K

$341.1K – $454.9K (±1% cap)

NOI $27,291 @ 7.0% cap · market cap 6.06%

Second Best

Industrial

$356.8K

$312.2K – $416.3K (±1% cap)

NOI $24,979 @ 7.0% cap · market cap 5.55%

Theoretical Best

Office A

$856.6K

$749.5K – $999.4K (±1% cap)

NOI $59,963 @ 7.0% cap · market cap 13.33%

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

Property Profile Location Intelligence

Current Use by Public Records

Ray's Hill St. ... Auto Repair Shop

Suggested Use

Similar Places Nearby

4Given Transport & Road Assistance LLC. — 184 Kukas Ln #2, Waterbury, CT 06705
E Harbor Petroleum Ltd — 1485 E Main St, Waterbury, CT 06705
Waterbury Auto Glass LLC — 2528 E Main St, Waterbury, CT 06705
BJ's Wholesale Club — 344 Reidville Dr, Waterbury, CT 06705
East End Auto Repair & Sales LLC — 2505 E Main St, Waterbury, CT 06705

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0115266
Latitude: 41.5451355

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For sale
Auto shops
CT
Waterbury
06705
1833 E Main St

What type of property is this?

Auto shop - Automotive service garage in Waterbury, currently leased.

Where is this auto shop located?

The property is located at 1833 E Main St Waterbury, CT.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location on East Main Street in a desirable area of Waterbury.; Currently leased at $3,500 per month with rent bumps and a 5‑year option.; Triple net lease in place.

1833 E Main St, Waterbury, CT 06705

Automotive service garage in Waterbury, currently leased.

Property Features for 1833 E Main St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Four-Story Restaurant & Bar Building

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Mixed-Use Apartment Building with Retail

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

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