Technical
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Distress signals
Property profile

29 Commons Rd Waterbury, CT 06704

OFF-MARKET
Industrial properties
20,000 SF Built 1989
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Property summary

AI-generated overview

This exceptional 20,000-square-foot industrial flex space, situated at 29 So Commons Rd within the South Commons Business Park, presents a unique investment opportunity. The property, constructed in 1989 and renovated in 2010, is a single-story Class B building offering a minimum divisible space of 9,012 square feet and up to 20,000 square feet contiguous. Currently, 9,012 square feet are vacant and immediately available for lease. The building features a 16-foot ceiling height, two loading docks, two dock-high doors, and two drive-in doors, providing ample access for loading and unloading. Electrical service is 200 amp, 208v, 3-phase. Property taxes are $1.50 per square foot. The property is zoned IL and benefits from its location in an Enterprise Zone, potentially offering tax abatements to qualified tenants. The South Commons Business Park is a mixed-use development with a diverse tenant base including wholesale, wholesale-retail, distribution, manufacturing, and medical businesses. Its strategic location provides easy access to Connecticut Route 8 and the I-84/Route 8 interchange, ensuring excellent regional connectivity. This property offers a compelling combination of functionality, accessibility, and potential tax advantages, making it an ideal location for a variety of businesses. The address is conveniently located near Thomaston Avenue. The building is one of ten in the South Commons Business Park.

Property profile

Verified
Property type Industrial properties
Year built 1989
Total area 20,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Carpet & Flooring Store Hardware & Home Improvement

Location

29 Commons Rd Waterbury, CT 06704
Waterbury metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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