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    425 Union St Waterbury, CT 06706

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Opportunity: 10 acres, high traffic.

    Property size:
    157,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property presents a unique investment opportunity in Waterbury, Connecticut. The property consists of a two-story, 157,647 square foot retail building situated on a substantial 10-acre lot. The building's former use as a Sears store offers significant potential for redevelopment or repurposing. A freestanding former auto center building is also available separately, presenting additional development possibilities. The property benefits from its strategic location within a thriving retail environment. Nearby anchor tenants include established national retailers such as JC Penney, Shoppers World, Burlington, Old Navy, H&M, Shoe Department, and Ashley Furniture. The property's strong location is further enhanced by the proximity of other major retailers including T.J. Maxx, Dick's Sporting Goods, Ulta, Michaels, Save-a-Lot, Barnes & Noble, Petco, and Five Below, ensuring high visibility and foot traffic. This property is ideally suited for a variety of retail uses and represents a compelling investment opportunity in a dynamic market. The address is 425 Union St, Waterbury, CT 06706, in New Haven County. This is a for-sale listing.

    Property Features for 425 Union St

    General Information

    Property type
    Land
    Square Feet
    157,647 SF
    Lot Size
    435,600 SF

    Building Details

    Stories
    2

    HighLights

    • 157,647 SF two‑story building on 10 acres.
    • Freestanding former auto center available for sale or lease.
    • Mall anchored by JC Penney, Shoppers World, Burlington, Old Navy, H&M, Shoe Dept., and Ashley Furniture.
    • Strong retail synergy with nearby T.J. Maxx, Dick's Sporting Goods, Ulta, Michaels, Save‑a‑Lot, Barnes & Noble, Petco, and Five Below.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service Fedus Mary w ... Optometrist Dr. Binh Moore ... Optometrist Ray Dumpster Rental Garbage Dump Service Sears Clothing Store

    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
    -73.0266343
    Latitude
    41.5510581

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    FAQs

    What type of property is this?
    Land - Prime Retail Opportunity: 10 acres, high traffic.
    Where is this land located?
    The property is located at 425 Union St Waterbury, CT.
    What are key features of this property?
    This property features: 157,647 SF two-story building on 10 acres.; Freestanding former auto center available for sale or lease.; Mall anchored by JC Penney, Shoppers World, Burlington, Old Navy, H&M, Shoe Dept., and Ashley Furniture.
    Request Owner's contact information
    425 Union St Waterbury, CT 06706
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    Waterbury, CT 06706
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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
    425 Union St Waterbury, CT 06706
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