Mixed-Use Retail and Apartment
For Sale
Contact for pricing
628 New Haven Road, Naugatuck, CT 06770
Two-story center with ten ground-floor retail suites and rear apartments, plus an approved 51-unit multifamily development site.
Property Size18,770 SF
Lot Size2.69 Acres
Price / SF$202.45
Days on Market55
Property Features for 628 New Haven Road
General Information
Standard status
Active
Size
18,770 SF
Lot size
2.69 Acres
Property subtype
Multifamily, Mixed Use, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Buildings
1
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
NorthEast Private Client Group Shelton
(203) 307-1574
Listed By:
Bradley Balletto · License #CT: 0792835
Source:
Crexi
Added: Jul 8
Changed: Aug 16
Last Checked: Aug 31 at 3:39AM
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 NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
Salem Square is a value-add mixed-use property on a 2.69-acre parcel, built in 1960. The two-story building totals about 19,266 square feet, with about 18,770 rentable, including ten ground-floor commercial suites and two rear apartments. The property also includes an entitled second-phase residential development site for a 51-unit multifamily building, with updated site plans approved by the Naugatuck Zoning Commission in September 2025.
The center fronts New Haven Road (Route 63) and has direct access to Route 8. Commercial tenants include convenience and service businesses such as Great China, Rose Spa & Nails, Salem Wine & Spirits, and Mexican Deli, with several in place for 15 years or more. The offering also presents opportunities to expand income through leasing vacant ground-floor commercial space, implementing CAM recovery, and converting a vacant rear commercial suite into two apartments, consistent with how the existing apartments were created from similar space. Waterbury and its Metro-North Waterbury Branch terminus are about ten minutes north, where a new $33.2 million station is scheduled to open in summer 2027.
The center fronts New Haven Road (Route 63) and has direct access to Route 8. Commercial tenants include convenience and service businesses such as Great China, Rose Spa & Nails, Salem Wine & Spirits, and Mexican Deli, with several in place for 15 years or more. The offering also presents opportunities to expand income through leasing vacant ground-floor commercial space, implementing CAM recovery, and converting a vacant rear commercial suite into two apartments, consistent with how the existing apartments were created from similar space. Waterbury and its Metro-North Waterbury Branch terminus are about ten minutes north, where a new $33.2 million station is scheduled to open in summer 2027.
Key Highlights
- 2.69‑acre parcel with an approved 51‑unit multifamily development site (updated site plans approved by the Naugatuck Zoning Commission in September 2025)
- 1960‑built two‑story building totaling about 19,266 SF, with about 18,770 SF rentable
- Ten ground‑floor commercial suites plus two rear apartments within the existing mixed‑use center
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 06770, CT
31,634
Population
13,156
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
91%
High-School Grad
16.4 sq mi
ZIP Area
1,929
Density / Sq Mi
$92,047
Median Household Income
$47,615
Median Earnings
$1,309
Median Rent
$241,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story center with ten ground-floor retail suites and rear apartments, plus an approved 51-unit multifamily development site.
Where is this mixed-use property located?
The property is located at 628 New Haven Road Naugatuck, CT.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 2.69‑acre parcel with an approved 51‑unit multifamily development site (updated site plans approved by the Naugatuck Zoning Commission in September 2025); 1960‑built two‑story building totaling about 19,266 SF, with about 18,770 SF rentable; Ten ground‑floor commercial suites plus two rear apartments within the existing mixed‑use center
