Stand-Alone Retail/Restaurant
702 Chase Pkwy Waterbury, CT 06708
For Sale
Contact for pricing
Freestanding retail/restaurant building with commercial/restaurant equipment in place, positioned for high visibility and traffic.
Property Size2,062 SF
Price / SF$278.86
Days on Market61
Property Features for 702 Chase Pkwy
General Information
Standard status
Active
Size
2,062 SF
Property subtype
RETAIL
Listing Agency:
Godin Property Brokers
(203) 577-2277
Listed By:
Michael Grieder · License #RES.0804179
Source:
Moodyscre
Added: May 29
Changed: Jul 25
Last Checked: Jul 27 at 2:16PM
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 Godin Property Brokers
Investment Insights
Based on property information with market context.
This stand-alone retail/restaurant building is offered for sale and configured for immediate foodservice use, with commercial/restaurant equipment already in place. The property is sized at 2,062 square feet and presented as ready to open.
The site is located just off I-84 on busy West Main Street in Waterbury, delivering strong visibility. It also sits adjacent to Mattatuck Community College, supporting a high-traffic retail and dining environment.
Whether you’re establishing a new concept or continuing an existing operation, the current build-out and included equipment are positioned to help reduce initial setup time.
The site is located just off I-84 on busy West Main Street in Waterbury, delivering strong visibility. It also sits adjacent to Mattatuck Community College, supporting a high-traffic retail and dining environment.
Whether you’re establishing a new concept or continuing an existing operation, the current build-out and included equipment are positioned to help reduce initial setup time.
Key Highlights
- Freestanding retail/restaurant building positioned for high visibility and traffic
- Located just off I‑84 on busy West Main Street in Waterbury
- Adjacent to Mattatuck Community College
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 | $28.5k | $13.80 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $26.5k | $12.83 |
| − OpEx | −$6.6k | −$3.21 |
| NOI | $19.8k | $9.63 |
2,062 SF · lease $13.80/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$283.5K
$248.1K – $330.8K
NOI $19,848 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$249.0K
$217.9K – $290.6K
NOI $17,433 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$547.2K
$478.8K – $638.4K
NOI $38,304 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding retail/restaurant building with commercial/restaurant equipment in place, positioned for high visibility and traffic.
Where is this conventional restaurant located?
The property is located at 702 Chase Pkwy Waterbury, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Freestanding retail/restaurant building positioned for high visibility and traffic; Located just off I‑84 on busy West Main Street in Waterbury; Adjacent to Mattatuck Community College
