44 Abbott Ter Waterbury, CT 06702
New
93,000 SF building suitable for redevelopment or adaptive reuse.
Property size:
93,086 SFLot size:
1.95 AcresProperty Features for 44 Abbott Ter
General Information
- Standard status
- Active
- Size
- 93,086 SF
- Lot size
- 1.95 Acres
Building Details
- Year built
- 1986
Source:
Corcoran
Listing Agency: Houlihan Lawrence Listing Agent: Kyle Neumann
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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 The property is currently vacant, and the prior healthcare license is no longer active.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
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.037945
- Latitude
- 41.5569354
Nearby Similar for Sale
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.
