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Retail Building with Service Garage
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771 Lakewood Rd, Waterbury, CT 06704

Retail building plus service garage outparcel with two pylon signs and 18,000 average daily traffic.

Property Size34,340 SF
Days on Market269

Property Features for 771 Lakewood Rd

General Information

Standard status Active
Size 34,340 SF
Property subtype RETAIL

Site & Location

Traffic Count 18,000 vehicles/day
Road Access Yes

Additional Details

Space Use Auto Shop

Amenities

Two large Pylon Signs
Listing Agency: TRUE Commercial Real Estate
Listed By: Wes Craft · License #RES.0787447
Source: Moodyscre
Added: Nov 3, 2025 Changed: Jul 30 Last Checked: Jul 30 at 3:34AM

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 TRUE Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail building offering includes 28,772 SF of retail space plus a 5,568 SF service garage outparcel, for a combined total of 34,340 SF. The property also features two large pylon signs.

The pylon signage is located on Lakewood Road and Industry Lane, supporting strong visual presence along the corridor. The property is reported with 18,000 average daily traffic.

Overall, the layout combines retail and service garage space within a single offering, which can be helpful for operators seeking both customer-facing and back-of-house service functions.

Key Highlights

  • 28,772 SF retail building plus 5,568 SF service garage outparcel
  • Two large pylon signs on Lakewood Road and Industry Lane
  • 18,000 average daily traffic

Property Analytics

Current Use

LifeCare Menopause Specialist ... Medical Clinic Ocean State Job ... Discount Store DWNSHFTco Detail Garage Car Wash Shoreline Motorsports Car Dealership

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Computer & Electronic Repair Plumbing Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18,000 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

494
Businesses Nearby
227k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 33% Shops & Services 25% Groceries 20% Apparel 17%
Stop & Shop Groceries
45,091 visits/mo 0.4 miles
T.J. Maxx Apparel
33,157 visits/mo 0.3 miles
McDonald's Dining
26,857 visits/mo 0.5 miles
Wendy's Dining
20,019 visits/mo 0.5 miles
Ocean State Job Lot Shops & Services
11,947 visits/mo 0.1 miles

Demographics for 06704, CT

27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value

Market

Lease Benchmarks for Waterbury, CT

$12.3 /SF/Yr
Avg Asking Price
$10–$17.14 /SF/Yr
Price Range
1,920 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail building plus service garage outparcel with two pylon signs and 18,000 average daily traffic.
Where is this retail space located?
The property is located at 771 Lakewood Rd Waterbury, CT.
What are key features of this property?
This property features: 28,772 SF retail building plus 5,568 SF service garage outparcel; Two large pylon signs on Lakewood Road and Industry Lane; 18,000 average daily traffic
(203) 529-4639 Call to check price and availability
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