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    3801 Main St Waterbury, CT 06705

    For Sale
    $2,495,000

    Prime Restaurant Space, 60,000 SF, 24 Acres

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents Eastside Village Commons, a 60,000-square-foot restaurant property situated on a sprawling 24-acre lot. Located at 3801 East Main Street in Wolcott, Connecticut (zip code 06705), this property boasts a highly desirable location with excellent visibility and accessibility. The site is pre-approved for five retail sites or offices and is currently for sale in its entirety. The property benefits from a traffic light at the intersection, ensuring high traffic volume and exposure. This prime location is strategically positioned near major retailers including Costco, Kohl's, Subway, Ion Bank, Restaurant Depot, and CarMax, creating a strong synergy and attracting a substantial customer base. Furthermore, its proximity to St. Mary's Hospital/Trinity Health Care provides a significant advantage. The surrounding demographics are impressive, with a population of 12,903 within one mile, 77,444 within three miles, and 169,684 within five miles. The city may offer potential tax incentives, adding further value to this already compelling investment. This is a rare opportunity to acquire a substantial restaurant property with significant growth potential in a thriving commercial area. The property's size and location make it ideal for a variety of restaurant concepts or redevelopment opportunities.

    Property Features for 3801 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    60,000 SF
    Lot Size
    1,045,440 SF

    HighLights

    • 24± acre site, pre‑approved for five retail or office buildings.
    • Entire property offered for sale.
    • Eastside Village Commons.
    • 3801 East Main Street, Waterbury, CT.
    • Excellent location near St. Mary's Hospital and Trinity Health.
    • Signalized intersection with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Saint Mary's Blood ... Blood Testing Service Kanagaratnam Jegathesan, MD Pulmonologist Mirela Nicolescu, M.D. Rheumatologist East End Primary ... Medical Center Deanna LoCurto, PA-C Physician Assistant

    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
    -72.9641419
    Latitude
    41.5453562

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, 60,000 SF, 24 Acres
    Where is this restaurant located?
    The property is located at 3801 Main St Waterbury, CT.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: 24± acre site, pre-approved for five retail or office buildings.; Entire property offered for sale.; Eastside Village Commons.
    Request Owner's contact information
    3801 Main St 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
    3801 Main St Waterbury, CT 06705
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