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    496 Chase Ave Waterbury, CT 06704

    For Lease
    $12 SF/Yr ($5,460 /Mo)

    Prime Medical Office Space - 5,460 SF

    Lot size:
    5,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional single-tenant medical office building, located at 496 Chase Avenue in Waterbury, Connecticut, presents a unique leasing opportunity. The property boasts a generous 5,460 square feet of space, all currently vacant and ready for immediate occupancy. Built in 1979, this single-story building sits on a sizable 0.92-acre lot and offers ample parking, described as a large parking lot with convenient access to Route 8. The property is zoned CA and features 200 amps of power, ensuring sufficient electrical capacity for a variety of medical practices. The building's convenient location in Waterbury, Connecticut, zip code 06704, provides excellent accessibility for patients and staff. The property is classified as both retail and office space, making it suitable for a range of medical uses. This is an ideal opportunity for a medical professional or group seeking a well-located, spacious, and readily available office building. The entire 5,460 square feet is available for lease, providing significant flexibility for tenant build-out and customization. Interested parties are encouraged to inquire further to explore this promising investment.

    Property Features for 496 Chase Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,460 SF
    Total Rate
    5460

    Building Details

    Year Built
    1979
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,460 SF
    Rate per SF
    $12

    HighLights

    • 5,460 SF single‑story medical office building available for lease.
    • Free‑standing building with ample parking on a 0.92‑acre lot.
    • Prime location on Chase Avenue in Waterbury, CT, with high traffic counts (22,900 VPD).
    • Suitable for retail, office, or medical uses.
    • Asking rent: $12.00/SF, NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alderson-Ford Funeral Homes ... Cremation Service

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -73.0388963
    Latitude
    41.5840587

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space - 5,460 SF
    Where is this medical office located?
    The property is located at 496 Chase Ave Waterbury, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,460 SF single-story medical office building available for lease.; Free-standing building with ample parking on a 0.92-acre lot.; Prime location on Chase Avenue in Waterbury, CT, with high traffic counts (22,900 VPD).
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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
    496 Chase Ave Waterbury, CT 06704
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