Two-Bay Garage
For Sale
$199,900
34 , Waterbury, CT 06702
Garage building with two bays in a downtown setting with easy highway access, sold as-is.
Property Size1,940 SF
Price / SF$90.86
Days on Market105
Property Features for 34
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Commercial
Lease Term
Listing ID: 24187252, Standard Status: Active, MLS Status: Active, 67 days on market
Building Details
Building Size
1,940 SF
Year Built
1940
Listing Agency:
Showcase Realty, Inc.
(203) 879-4900
Listed By:
Vincent Devico · License #RES.0179650
(203) 592-5363
Source:
Iverty
Added: Jun 26
Changed: Oct 7
Last Checked: Oct 7 at 1:26PM
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 Showcase Realty, Inc.
Investment Insights
Based on property information with market context.
This property is a two-bay garage building suited for auto-related uses or to support a small business setup. The offering includes the existing structure and is being sold as-is.
The building is located in a downtown area with easy access to highways, providing convenient connectivity for day-to-day operations.
Prospective buyers should review the property condition and intended use in light of the as-is sale terms.
The building is located in a downtown area with easy access to highways, providing convenient connectivity for day-to-day operations.
Prospective buyers should review the property condition and intended use in light of the as-is sale terms.
Key Highlights
- Garage building built in 1940 with 2 bays
- Downtown location with easy access to highways
- Building sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,024
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,480
$340.5K
Cap Rate 7%
$243,200
$243.2K
Cap Rate 9%
$189,156
$189.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$25.9K $11.76/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$24.3K $11.05/SF
− OpEx
−$7.3K −$3.32/SF
NOI
$17.0K $7.74/SF
Area
Waterbury, CT
Vacancy
6.00%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,480
Cap Rate 7%
$243,200
Cap Rate 9%
$189,156
Alternative Uses
Best Use
Retail
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$243.2K
$212.8K – $283.7K
NOI $17,024 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,551
Businesses Nearby
141k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 38%
Hotels & Casinos 7%
McDonald's
Dining
26,439 visits/mo
0.3 miles
Wendy's
Dining
22,067 visits/mo
0.4 miles
Citgo
Shops & Services
10,557 visits/mo
0.3 miles
Shell
Shops & Services
10,549 visits/mo
0.3 miles
Courtyard by Marriott Waterbury Downtown
Hotels & Casinos
9,566 visits/mo
0.5 miles
Demographics for 06702, CT
3,882
Population
1,910
Households
2
Avg Household Size
45
Median Age
8%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
5,546
Density / Sq Mi
$16,198
Median Household Income
$15,833
Median Earnings
$720
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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- South Main Tire Shop — 550 S Main St, Waterbury, CT 06706
- Waterbury Mobile Truck Repair — 45 Benedict St, Waterbury, CT 06706
- Ricoton's Auto — Waterbury, CT 06702
Frequently Asked Questions
What type of property is this?
Auto shop - Garage building with two bays in a downtown setting with easy highway access, sold as-is.
Where is this auto shop located?
The property is located at 34 Waterbury, CT.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Garage building built in 1940 with 2 bays; Downtown location with easy access to highways; Building sold as‑is
