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    431 Thomaston Ave Waterbury, CT 06702

    Sponsored
    For Sale
    $495,000

    Prime Commercial Land, High Visibility, $495,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.58-acre commercial land parcel is strategically located at 431 Thomaston Avenue in Waterbury, Connecticut, zip code 06702, within New Haven County. The property is zoned CA and offers significant potential for various commercial ventures. Its high-visibility location on the busy Thomaston Avenue ensures excellent exposure to a large volume of daily traffic. Currently, a 400-square-foot broadcasting tenant occupies a portion of the land, presenting an immediate income stream. The possibility of a long-term lease with this existing tenant is available for consideration by the new owner. The asking price for this remarkable opportunity is $495,000. This property presents a rare chance to acquire a substantial commercial land holding in a desirable location with existing income potential. The property's size and zoning provide ample flexibility for a wide range of development possibilities. Serious inquiries are encouraged to explore the full potential of this valuable asset. Coordinates are 41.5671772 latitude and -73.055022 longitude.

    Property Features for 431 Thomaston Ave

    General Information

    Property type
    Land
    Lot Size
    199,505 SF

    HighLights

    • 4.58 acres of CA‑zoned land.
    • High‑visibility location on busy Thomaston Avenue.
    • Existing 400 sq. ft. broadcasting tenant in place.
    • Long‑term lease options available.
    • Asking price: $495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.055022
    Latitude
    41.5671772

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, $495,000
    Where is this land located?
    The property is located at 431 Thomaston Ave Waterbury, CT.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 4.58 acres of CA-zoned land.; High-visibility location on busy Thomaston Avenue.; Existing 400 sq. ft. broadcasting tenant in place.
    (203) 577-2277
    Request Owner's contact information
    431 Thomaston Ave Waterbury, CT 06702
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    Waterbury, CT 06702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    431 Thomaston Ave Waterbury, CT 06702
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