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    497 Plank Rd Waterbury, CT 06705

    Sponsored
    For Sale
    $4,000,000

    Prime 4.74-acre retail site, 24,000 SF.

    Property size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.74-acre commercial property located at 497 Plank Road in Waterbury, Connecticut, presents a unique investment opportunity. Zoned CA, this multi-tenant site offers significant potential for development. The property currently features a 24,000 square foot building, ideal for a variety of retail uses. Alternatively, the expansive lot allows for the development of up to three separate pad sites, perfectly suited for retail establishments, banks, or other commercial ventures. The asking price for this strategically located property is $4,000,000. Situated in Waterbury, CT, zip code 06705, this location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's size and zoning flexibility provide a wide range of development possibilities, catering to diverse business needs and maximizing return on investment. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime commercial property in a thriving Connecticut market.

    Property Features for 497 Plank Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,000 SF
    Lot Size
    206,474 SF

    HighLights

    • $4,000,000 asking price.
    • Retail and land property, classified as a commercial outparcel.
    • Multi‑tenant occupancy.
    • 24,000 square feet.
    • CA zoning.
    • 4.74‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.999871
    Latitude
    41.5396751

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    FAQs

    What type of property is this?
    Individual retail property - Prime 4.74-acre retail site, 24,000 SF.
    Where is this individual retail property located?
    The property is located at 497 Plank Rd Waterbury, CT.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: $4,000,000 asking price.; Retail and land property, classified as a commercial outparcel.; Multi-tenant occupancy.
    Request Owner's contact information
    497 Plank Rd Waterbury, CT 06705
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    Waterbury, CT 06705
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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
    497 Plank Rd Waterbury, CT 06705
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