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    485 Watertown Ave Waterbury, CT 06708

    Sponsored
    For Sale
    $1,100,000

    High-Occupancy Retail/Office Center in CT

    Property size:
    5,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,200 square foot shopping center, located at 485 & 497 Watertown Avenue in Waterbury, Connecticut, presents a lucrative investment opportunity. Built in 2009, the property boasts 100% occupancy across its multi-tenant retail and office spaces. Situated on a 0.73-acre lot, the center is zoned CA and benefits from its prime location in New Haven County, zip code 06708. The property's strong performance is reflected in its current asking price of $1,100,000. The building's recent construction ensures modern amenities and efficient layouts, appealing to a diverse range of tenants. With a total square footage of 5,200 square feet, the center offers ample space for various business needs. The property's strong occupancy rate indicates a stable income stream, further enhanced by the relatively low property taxes of $4.72 per square foot. This well-maintained and highly sought-after shopping center represents a compelling investment opportunity for discerning buyers seeking a stable and profitable addition to their portfolio. The property's strategic location in a thriving area of Waterbury ensures continued high demand and potential for future growth. This is a rare chance to acquire a fully occupied, high-performing commercial property in a desirable Connecticut market.

    Property Features for 485 Watertown Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,200 SF
    Lot Size
    31,799 SF

    Building Details

    Year Built
    2009

    HighLights

    • 5,200 SF shopping center in Waterbury, CT.
    • 100% occupied, multi‑tenant retail/office building.
    • Located on a 0.73‑acre lot, zoned CA, in zip code 06708.
    • Asking price: $1,100,000.
    • Built in 2009, offering modern amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -73.0604638
    Latitude
    41.5659671

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    FAQs

    What type of property is this?
    Lifestyle center - High-Occupancy Retail/Office Center in CT
    Where is this lifestyle center located?
    The property is located at 485 Watertown Ave Waterbury, CT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 5,200 SF shopping center in Waterbury, CT.; 100% occupied, multi-tenant retail/office building.; Located on a 0.73-acre lot, zoned CA, in zip code 06708.
    Request Owner's contact information
    485 Watertown Ave Waterbury, CT 06708
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    Waterbury, CT 06708
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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
    485 Watertown Ave Waterbury, CT 06708
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