Five-Storefront Mixed-Use
For Sale
$1,500,000
69 Meriden, Waterbury, CT 06705
Mixed-use building with multiple business spaces, off-street parking, and CA zoning along a visible commercial corridor.
Property Size1,960 SF
Price / SF$312.50
Days on Market50
Property Features for 69 Meriden
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Lease Term
Listing ID: 24206947, Standard Status: Active, MLS Status: Active, 44 days on market
Site & Location
Neighborhood
Bouley Manor
Highway Access
Yes
Amenities
off-street parking
central air conditioning
central heat
supplemental mini-split systems
new roof
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Mapleridge Realty
(203) 725-7004
Listed By:
Miguel Rosado · License #RES.0814850
(203) 206-4684
Source:
Iverty
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 5:29AM
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 Mapleridge Realty
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Investment Insights
Based on property information with market context.
Located at 69 Meriden Road in Waterbury, this approximately 4,800-square-foot mixed-use property combines office and retail space across five separate storefronts. The layout supports distinct business areas within one building, with central air conditioning, central heat, and supplemental mini-split systems. Off-street parking is also provided.
The property sits along Meriden Road with direct exposure to the surrounding commercial corridor and convenient access to I-84. Built in 1960, the building received a new roof in 2020. CA zoning and the multi-storefront configuration provide a defined framework for the property’s commercial use.
The property sits along Meriden Road with direct exposure to the surrounding commercial corridor and convenient access to I-84. Built in 1960, the building received a new roof in 2020. CA zoning and the multi-storefront configuration provide a defined framework for the property’s commercial use.
Key Highlights
- Approximately 4,800 square feet of mixed‑use office and retail space
- Five separate storefronts within one building
- CA zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,320
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,400
$1.2M
Cap Rate 7%
$833,143
$833.1K
Cap Rate 9%
$648,000
$648.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$10.4K −$2.16/SF
EGI
$93.3K $19.44/SF
− OpEx
−$35.0K −$7.29/SF
NOI
$58.3K $12.15/SF
Area
Waterbury, CT
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,400
Cap Rate 7%
$833,143
Cap Rate 9%
$648,000
Alternative Uses
Best Use
Mixed Use
$833.1K
$729.0K – $972.0K
NOI $58,320 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$579.7K
$507.3K – $676.4K
NOI $40,582 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,165 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Gulf Oil
Shops & Services
10,226 visits/mo
0.1 miles
Citgo
Shops & Services
9,840 visits/mo
0.2 miles
Domino's Pizza
Dining
4,897 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,339 visits/mo
0.4 miles
Santander Bank
Shops & Services
4,114 visits/mo
0.1 miles
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with multiple business spaces, off-street parking, and CA zoning along a visible commercial corridor.
Where is this mixed-use property located?
The property is located at 69 Meriden Waterbury, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,800 square feet of mixed‑use office and retail space; Five separate storefronts within one building; CA zoning designation
