355 Lakewood Road, Waterbury, CT 06704
Unfinished restaurant-style building plus a covered pavilion with restrooms and kitchen, set up for immediate outdoor events.
- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 4 at 3:26 am
Property Features for 355 Lakewood Road
General Information
- Standard status
- Active
- Size
- 4,304 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing office Clermont Real Estate (203) 675-6902
Listing date Jun 30, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of Clermont Real Estate
HighLights
- Year built 2017 unfinished restaurant‑style main building on nearly seven acres with lake views
- Heated flooring and numerous building components already in place for continued development
- Covered outdoor event pavilion with restrooms and a kitchen already in place
- Main building originally designed for restaurant, bar, banquet hall, wedding venue, and special‑event use
Overview
Set on nearly seven acres with lake views, the site includes a covered outdoor event pavilion equipped with restrooms and a kitchen already in place. That pavilion supports outdoor gatherings and celebrations while the balance of the property is completed, helping enable a staged approach to bringing the venue online.
For a buyer seeking a flexible hospitality and events platform, the combination of an event-ready outdoor pavilion and an unfinished indoor venue provides a clear path to tailoring the final buildout. The existing infrastructure elements and heated flooring offer practical building blocks for an operator or developer looking to create a waterfront-oriented dining and private event facility.
Local Financial Insights For Specialty 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 | $59.4k | $13.80 |
| − Vacancy | −$4.2k | −$0.97 |
| EGI | $55.2k | $12.83 |
| − OpEx | −$13.8k | −$3.21 |
| NOI | $41.4k | $9.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0169897
- Latitude
- 41.5783733
