29 Commons Rd Waterbury, CT 06704
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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