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    425 Union St Waterbury, CT 06706

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    For Lease
    Contact for pricing

    Prime 157,647 SF Retail Space, 10 Acres

    Lot size:
    157,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property presents a significant opportunity for retail development or redevelopment. Located at 425 Union St, Waterbury, CT 06706, in New Haven County, this expansive site boasts a substantial 157,647 square feet of vacant retail space within a two-story building. The property sits on a generous 10-acre lot, offering ample room for expansion, parking, or additional development. Currently configured as a single-tenant space, this property is ideal for a large-scale retailer or a business seeking a significant footprint. The building's size and location in Waterbury, Connecticut, provide excellent visibility and accessibility. The property's zoning and potential uses should be verified independently. This is a rare opportunity to acquire a large, vacant retail space in a desirable location. The property's substantial size and acreage offer significant flexibility for a variety of retail concepts. Given its size and location, this property is well-suited for a variety of uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence to assess the property's suitability for their specific needs. The property is available for lease.

    Property Features for 425 Union St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,647 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    157,647 SF

    HighLights

    • 157,647 SF two‑story building on a 10‑acre lot in Waterbury, CT.
    • Separate freestanding former auto center also available.
    • Strong retail co‑tenancy including JC Penney, Shoppers World, Burlington, Old Navy, H&M, Shoe Dept., and Ashley Furniture.
    • Excellent location with nearby retailers such as 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 157,647 SF Retail Space, 10 Acres
    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 a 10-acre lot in Waterbury, CT.; Separate freestanding former auto center also available.; Strong retail co-tenancy including 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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