Back to Search

Grocery Anchored Investment Opportunity

96 Grove St, Waterbury, CT 06710

View on Map

For Sale

$4,500,000

Grocery-anchored property with long-term lease and strong tenant.

Type:Commercial

HighLights

Long‑term, stable cash flow is ensured by a brand‑new Food Universe supermarket under a 25‑year lease (expires July 15, 2048).
Food Universe is backed by Key Food Stores Co‑operative Inc.
Exceptional visibility and accessibility on a prominent corner with convenient access to I‑84 and Route 8.
Located within both a federally designated Opportunity Zone and an Enterprise Zone.
Newly completed 44‑unit residential development directly across the street.
Ample parking (51 spaces) and a loading dock provide strong site functionality.

We can help!

Listing Contact

Hitomi Batista

Learn more

For Sale

$4,500,000

Grocery-anchored property with long-term lease and strong tenant.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 4:24 pm

Property Features for 96 Grove St

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2016

We can help!

Listing Contact

Hitomi Batista

Listing agent Hitomi Batista

Listing office Titanium Real Estate Group,LLC

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Titanium Real Estate Group,LLC

HighLights

Long‑term, stable cash flow is ensured by a brand‑new Food Universe supermarket under a 25‑year lease (expires July 15, 2048).
Food Universe is backed by Key Food Stores Co‑operative Inc.
Exceptional visibility and accessibility on a prominent corner with convenient access to I‑84 and Route 8.
Located within both a federally designated Opportunity Zone and an Enterprise Zone.
Newly completed 44‑unit residential development directly across the street.
Ample parking (51 spaces) and a loading dock provide strong site functionality.

Overview

This property is a grocery-anchored investment opportunity featuring a Food Universe supermarket under a 25-year lease through July 15, 2048, providing long-term, stable cash flow. Food Universe is backed by Key Food Stores Co-operative Inc., a nationally recognized grocery operator with a strong network and established credit profile. The asset benefits from visibility and accessibility, positioned on a corner with access to I-84 and Route 8, and features site functionality including 51 parking spaces and a loading dock. The surrounding area is strengthened by a newly completed 44 unit residential development directly across the street. The property is located within both a federally designated Opportunity Zone and an Enterprise Zone, offering potential tax incentives. The property has a walk score of 84, indicating it is very walkable, a transit score of 57, indicating good transit, and a bike score of 35, indicating it is somewhat bikeable. This property is intended for use as a grocery store and supermarket.

Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Similar Places Nearby

Duran market — 722 E Main St, Waterbury, CT 06702
Hill St. Mini Market — 262 Hill St, Waterbury, CT 06704

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0393186
Latitude: 41.5602658

Nearby Similar for Sale

$850,000

7,510 SF

Four-Story Restaurant & Bar Building

Four-story hospitality property with remodeled dining space, currently operating a restaurant and bar in a CBD downtown setting.

26 N Main Street, Waterbury, CT 06702

View Details
$1,100,000

15,974 SF

Retail Strip Mall with Multiple Tenants

Multi-tenant strip mall includes multiple retail and service users with parking for 55 cars.

1014 Meriden Road, Waterbury, CT 06705

View Details
$749,000

3,676 SF

Historic Three-Unit Multifamily Building

Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.

124 Pine Street, Waterbury, CT 06710

View Details
$599,500

3,027 SF

Three-Unit Multifamily with Detached Garage

Three-family property with enclosed porches, patio, and a detached 3-car brick garage, plus an included extra lot.

160 Edson Avenue, Waterbury, CT 06705

View Details
$715,000

4,024 SF

Mixed-Use Apartment Building with Retail

Four compact apartments and a street-level retail space, with renovated interiors and systems and unoccupied units ready for leasing.

49 Hill Street, Waterbury, CT 06704

View Details
$715,000

4,024 SF

Renovated Mixed-Use Income Property

Two-building asset combines street-level retail with five compact apartments, with renovations and multiple units ready to rent.

49 Hill Street, Waterbury, CT 06704

View Details
$574,995

1,668 SF

Turnkey Renovated Multi-Family Home

Completely renovated income property with new interiors, kitchens, baths, and updated systems for straightforward occupancy or rental.

849 Frost Road, Waterbury, CT 06705

View Details
$749,900

5,200 SF

Waterbury Multifamily Investment Opportunity

Six renovated units in two buildings with off-street parking.

38 Green Street, Waterbury, CT 06708

View Details
$1,125,000

5,934 SF

11-Unit Multifamily Apartment Building

Eleven separately metered apartments with electric heat and hot water, plus recent roof, siding, and interior updates.

133 Hillside Avenue, Waterbury, CT 06710

View Details
$525,000

3,754 SF

Permitted Rooming House with Garage

Fully occupied 14-unit permitted rooming house with on-site coin laundry and a 5-bay garage.

34 Mitchell Avenue, Waterbury, CT 06710

View Details
$299,900

3,909 SF

Spacious Two-Family Corner Lot

Restoration opportunity on a spacious corner lot.

76 Chapman Avenue, Waterbury, CT 06710

View Details
$525,000

2,938 SF

Well-Maintained Multifamily Property

Income-generating three-family home near highway, shopping, and schools.

41 Diane Terrace, Waterbury, CT 06705

View Details

What type of property is this?

Grocery and convenience store - Grocery-anchored property with long-term lease and strong tenant.

Where is this grocery and convenience store located?

The property is located at 96 Grove St Waterbury, CT.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Long‑term, stable cash flow is ensured by a **brand‑new Food Universe supermarket under a 25‑year lease (expires July 15, 2048)**.; Food Universe is backed by Key Food Stores Co‑operative Inc.; Exceptional visibility and accessibility on a prominent corner with convenient access to I‑84 and Route 8.