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44 Abbott Ter Waterbury, CT 06702

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For Sale
$4,750,000

93,000 SF building suitable for redevelopment or adaptive reuse.

Property size:
93,086 SF
Lot size:
1.95 Acres

Property Features for 44 Abbott Ter

General Information

Standard status
Active
Size
93,086 SF
Lot size
1.95 Acres

Building Details

Year built
1986

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Listing Contact
Kyle Neumann
Kyle Neumann
Source: Corcoran

Listing Agency: Houlihan Lawrence Listing Agent: Kyle Neumann

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Waterbury Institutional Building for Sale

This is an exceptional opportunity to acquire an approximately 93,000 square foot institutional building located at 44 Abbott Terrace in Waterbury. Formerly operated as a skilled nursing facility, this expansive, elevator-served property offers significant potential for adaptive reuse or redevelopment. The building features an existing residential-style layout with numerous rooms, common areas, commercial kitchen infrastructure, and full mechanical systems already in place, providing a strong foundation for conversion to multifamily, affordable housing, assisted living, behavioral health, or other institutional uses. Recent capital improvements include a new roof installed in 2019, helping reduce near-term capital expenditure requirements. Situated within a CBD-zoned area, the property benefits from a central location with access to local amenities, transit, and a dense surrounding population. Preliminary analysis suggests the potential to support a high-density residential conversion. The property is currently vacant, and the prior healthcare license is no longer active. This represents a compelling basis opportunity for investors and developers seeking scale and value-add potential.
Location Intelligence

Current Use by Public Records

Abbott Terrace Health ... Nursing Home Betsy Larose Physician Caroline Welton Adult ... Social Service Agency Teresa Drako, MSN Physician Jegathesan Kanagaratna MD Physician

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Waterbury
County
New Haven
State
Connecticut
Longitude
-73.037945
Latitude
41.5569354

FAQs

What type of property is this?
Healthcare property - 93,000 SF building suitable for redevelopment or adaptive reuse.
Where is this healthcare property located?
The property is located at 44 Abbott Ter Waterbury, CT.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: - Large ~93,000 SF institutional building with significant adaptive reuse/redevelopment potential.; - Existing residential-style layout, commercial kitchen infrastructure, and full mechanical systems are in place.; - New roof installed in 2019, reducing near-term capital expenditure requirements.
More about this property
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